Xilinx, Inc. (XLNX) Stake Cut by Gateway Investment Advisers LLC
Gateway Investment Advisers LLC decreased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,021 shares of the programmable devices maker’s stock after selling 72 shares during the period. Gateway Investment Advisers LLC’s holdings in Xilinx were worth $1,095,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DnB Asset Management AS raised its stake in shares of Xilinx by 19.2% in the first quarter. DnB Asset Management AS now owns 27,966 shares of the programmable devices maker’s stock worth $1,619,000 after buying an additional 4,500 shares during the period. Farmers & Merchants Investments Inc. boosted its position in Xilinx by 4.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 109,210 shares of the programmable devices maker’s stock valued at $6,322,000 after buying an additional 5,000 shares in the last quarter. National Pension Service boosted its position in Xilinx by 1.1% in the first quarter. National Pension Service now owns 231,227 shares of the programmable devices maker’s stock valued at $13,383,000 after buying an additional 2,527 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Xilinx by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 78,020 shares of the programmable devices maker’s stock valued at $4,516,000 after buying an additional 1,000 shares in the last quarter. Finally, Trust Co. of Oklahoma boosted its position in Xilinx by 2.5% in the first quarter. Trust Co. of Oklahoma now owns 14,819 shares of the programmable devices maker’s stock valued at $858,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at 64.88 on Friday. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 27.97 and a beta of 1.10. Xilinx, Inc. has a 1-year low of $47.53 and a 1-year high of $68.68. The company’s 50-day moving average price is $65.98 and its 200 day moving average price is $61.44.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Xilinx had a return on equity of 24.41% and a net margin of 26.50%. The business had revenue of $609.50 million during the quarter, compared to analyst estimates of $605.25 million. During the same quarter in the prior year, the business posted $0.54 EPS. Xilinx’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts predict that Xilinx, Inc. will post $2.49 earnings per share for the current fiscal year.
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A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, March 28th. Macquarie initiated coverage on Xilinx in a report on Thursday, March 30th. They set a “neutral” rating and a $60.00 price objective on the stock. Vetr upgraded Xilinx from a “buy” rating to a “strong-buy” rating and set a $64.44 price objective on the stock in a report on Monday, April 3rd. Instinet reissued a “reduce” rating and issued a $45.00 target price on shares of Xilinx in a research report on Tuesday, April 18th. Finally, Credit Suisse Group AG raised Xilinx from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $70.00 in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $63.27.
In other Xilinx news, insider Krishna Rangasayee sold 15,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $64.89, for a total value of $973,350.00. Following the completion of the sale, the insider now owns 15,555 shares in the company, valued at approximately $1,009,363.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total value of $640,224.00. Following the completion of the sale, the chief financial officer now owns 19,058 shares of the company’s stock, valued at approximately $1,270,978.02. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock valued at $4,862,471 in the last quarter. 0.40% of the stock is currently owned by company insiders.
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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