Wetherby Asset Management Inc. Sells 87 Shares of Xilinx, Inc. (XLNX)
Wetherby Asset Management Inc. cut its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,082 shares of the programmable devices maker’s stock after selling 87 shares during the period. Wetherby Asset Management Inc.’s holdings in Xilinx were worth $262,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of XLNX. TrimTabs Asset Management LLC increased its stake in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares in the last quarter. Whittier Trust Co. increased its stake in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares in the last quarter. First Mercantile Trust Co. increased its stake in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares in the last quarter. Finally, Huntington National Bank increased its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.
Xilinx, Inc. (NASDAQ XLNX) opened at 62.71 on Thursday. The firm has a market capitalization of $15.59 billion, a PE ratio of 26.80 and a beta of 1.09. The company’s 50-day moving average is $64.47 and its 200-day moving average is $62.09. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.61 EPS. Analysts forecast that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.23%. Xilinx’s payout ratio is 60.09%.
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A number of analysts have issued reports on the stock. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Xilinx in a report on Friday, June 16th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Mizuho reissued a “neutral” rating and issued a $69.00 price objective (up previously from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective for the company in a report on Monday, June 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx currently has an average rating of “Hold” and an average target price of $64.57.
In other news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Moshe Gavrielov sold 400 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.73, for a total transaction of $27,092.00. Following the completion of the sale, the chief executive officer now owns 235,366 shares of the company’s stock, 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 valued at $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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