Xilinx, Inc. (XLNX) Position Decreased by Conning Inc.
Conning Inc. decreased its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 81.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 412,015 shares of the programmable devices maker’s stock after selling 1,831,220 shares during the period. Conning Inc. owned 0.17% of Xilinx worth $26,501,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Creative Planning increased its stake in shares of Xilinx by 27.9% in the first quarter. Creative Planning now owns 7,901 shares of the programmable devices maker’s stock valued at $457,000 after buying an additional 1,723 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of 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. National Pension Service increased its stake in shares of 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. Farmers & Merchants Investments Inc. increased its stake in shares of 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. Finally, DnB Asset Management AS increased 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 valued at $1,619,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at 62.42 on Monday. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $68.68. The stock’s 50 day moving average price is $64.80 and its 200-day moving average price is $61.97. The company has a market cap of $15.52 billion, a PE ratio of 26.68 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The business 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 firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, equities research 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. Shareholders of record on Thursday, August 10th will be given a $0.35 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.24%. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
XLNX has been the subject of several recent analyst reports. Instinet restated a “reduce” rating and set a $45.00 target price on shares of Xilinx in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group upgraded Xilinx from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $70.00 in a research note on Monday, April 24th. Mizuho reiterated a “hold” rating and issued a $64.00 price target on shares of Xilinx in a research note on Thursday, April 27th. Finally, Deutsche Bank AG lifted their price target on Xilinx from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and an average target price of $64.57.
In other Xilinx news, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the transaction, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Moshe Gavrielov sold 400 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.73, for a total transaction of $27,092.00. Following the completion of the transaction, the chief executive officer now owns 235,366 shares in the company, valued at $15,941,339.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,931 shares of company stock worth $2,422,890. Company insiders own 0.40% of the company’s stock.
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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