Prudential Financial Inc. Has $21.96 Million Holdings in Xilinx, Inc. (XLNX)
Prudential Financial Inc. trimmed 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 & Exchange Commission. The institutional investor owned 341,471 shares of the programmable devices maker’s stock after selling 3,440 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Xilinx worth $21,963,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Wealthsource Partners LLC grew its stake in Xilinx by 0.6% during 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 grew its stake in Xilinx by 0.9% during 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 grew its stake in Xilinx by 0.3% during 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. grew its stake in Xilinx by 1.1% during 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 grew its stake in Xilinx by 2.1% during 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. Hedge funds and other institutional investors own 97.43% of the company’s stock.
Xilinx, Inc. (XLNX) opened at 65.99 on Tuesday. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $68.68. The firm’s 50-day moving average is $63.89 and its 200 day moving average is $62.55. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 28.20 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.12%. Xilinx’s dividend payout ratio is presently 60.09%.
In other Xilinx news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the transaction, the insider now owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, the senior vice president now owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.
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A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Vetr downgraded shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price target on the stock. in a research note on Monday, June 26th. Wells Fargo & Company downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a research note on Tuesday, May 23rd. Credit Suisse Group restated an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Finally, Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.57.
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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