Chevy Chase Trust Holdings Inc. Sells 5,226 Shares of Xilinx Inc. (XLNX)
Chevy Chase Trust Holdings Inc. cut its stake in shares of Xilinx Inc. (NASDAQ:XLNX) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,259 shares of the programmable devices maker’s stock after selling 5,226 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Xilinx worth $11,535,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in Xilinx by 40.7% in the third quarter. BNP Paribas Arbitrage SA now owns 301,144 shares of the programmable devices maker’s stock valued at $16,364,000 after buying an additional 87,161 shares during the last quarter. Cullinan Associates Inc. raised its position in Xilinx by 6.8% in the third quarter. Cullinan Associates Inc. now owns 6,250 shares of the programmable devices maker’s stock valued at $340,000 after buying an additional 400 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Xilinx during the second quarter valued at approximately $473,000. Kentucky Retirement Systems acquired a new position in Xilinx during the second quarter valued at approximately $995,000. Finally, Mason Street Advisors LLC acquired a new position in Xilinx during the second quarter valued at approximately $1,577,000. 91.05% of the stock is owned by institutional investors and hedge funds.
Xilinx Inc. (NASDAQ:XLNX) traded up 0.51% on Friday, hitting $53.39. The stock had a trading volume of 787,528 shares. Xilinx Inc. has a one year low of $40.44 and a one year high of $55.49. The stock has a 50-day moving average of $51.32 and a 200-day moving average of $49.97. The company has a market cap of $13.48 billion, a PE ratio of 23.83 and a beta of 1.17.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 19th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $579 million for the quarter, compared to analyst estimates of $574.90 million. Xilinx had a return on equity of 23.21% and a net margin of 26.32%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. Equities analysts expect that Xilinx Inc. will post $2.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Tuesday, November 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Friday, November 4th. Xilinx’s dividend payout ratio is presently 58.67%.
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XLNX has been the topic of several analyst reports. MKM Partners reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Xilinx in a report on Monday, November 21st. Robert W. Baird reissued a “neutral” rating and set a $52.00 price objective on shares of Xilinx in a report on Saturday, November 19th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Citigroup Inc. reissued a “neutral” rating and set a $49.00 price objective on shares of Xilinx in a report on Saturday, October 22nd. Finally, Nomura reissued a “neutral” rating and set a $45.00 price objective (up previously from $41.00) on shares of Xilinx in a report on Saturday, October 22nd. Fourteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.44.
In other Xilinx news, CFO Lorenzo Flores sold 25,750 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $50.90, for a total value of $1,310,675.00. Following the sale, the chief financial officer now directly owns 35,014 shares of the company’s stock, valued at $1,782,212.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Moshe Gavrielov sold 4,812 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $54.73, for a total value of $263,360.76. Following the completion of the sale, the chief executive officer now directly owns 356,622 shares in the company, valued at $19,517,922.06. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
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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