Xilinx, Inc. (XLNX) Position Raised by Trillium Asset Management LLC
Trillium Asset Management LLC increased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,314 shares of the programmable devices maker’s stock after buying an additional 1,264 shares during the period. Trillium Asset Management LLC’s holdings in Xilinx were worth $8,382,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Wealthsource Partners LLC increased its stake in Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock worth $364,000 after buying an additional 40 shares in the last quarter. HighTower Advisors LLC increased its stake in Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares in the last quarter. Notis McConarty Edward increased its stake in Xilinx by 0.3% in the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after buying an additional 60 shares in the last quarter. Capital Advantage Inc. increased its stake in Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock worth $384,000 after buying an additional 75 shares in the last quarter. Finally, Seaward Management Limited Partnership increased its stake in Xilinx by 2.1% in the second quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.
Shares of Xilinx, Inc. (XLNX) opened at 63.17 on Tuesday. The firm has a market cap of $15.70 billion, a P/E ratio of 27.00 and a beta of 1.09. The firm has a 50 day moving average price of $64.67 and a 200-day moving average price of $62.06. Xilinx, Inc. has a one year low of $48.75 and a one year high of $68.68.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Analysts forecast that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.22%. Xilinx’s payout ratio is currently 60.09%.
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Several brokerages have issued reports on XLNX. Raymond James Financial, Inc. restated a “hold” rating on shares of Xilinx in a report on Thursday, July 27th. Mizuho restated a “neutral” rating and issued a $69.00 price target (up from $68.00) on shares of Xilinx in a report on Thursday, July 27th. KeyCorp set a $70.00 price target on Xilinx and gave the stock a “buy” rating in a report on Thursday, July 27th. Barclays PLC upgraded Xilinx from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $53.00 to $60.00 in a report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. Xilinx has a consensus rating of “Hold” and a consensus target price of $64.57.
In other news, CEO Moshe Gavrielov sold 400 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $67.73, for a total value of $27,092.00. Following the transaction, the chief executive officer now owns 235,366 shares of the company’s stock, valued at $15,941,339.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the transaction, the senior vice president now directly owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,931 shares of company stock worth $2,422,890. Insiders own 0.40% of the company’s stock.
Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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