Dearborn Partners LLC Has $21.65 Million Position in Xilinx, Inc. (XLNX)
Dearborn Partners LLC boosted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,588 shares of the programmable devices maker’s stock after buying an additional 7,493 shares during the period. Xilinx makes up about 1.6% of Dearborn Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Dearborn Partners LLC owned approximately 0.14% of Xilinx worth $21,649,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. TrimTabs Asset Management LLC lifted its holdings 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 valued at $115,000 after buying an additional 936 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings 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 valued at $156,000 after buying an additional 2,664 shares during the period. First Mercantile Trust Co. lifted its holdings 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 valued at $174,000 after buying an additional 324 shares during the period. Huntington National Bank lifted its holdings in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the period. Finally, Harfst & Associates Inc. acquired a new position in Xilinx in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 97.43% of the company’s stock.
Xilinx, Inc. (NASDAQ XLNX) traded down 0.85% on Wednesday, reaching $63.96. 225,012 shares of the company were exchanged. The company’s 50-day moving average price is $63.79 and its 200-day moving average price is $62.65. The stock has a market capitalization of $15.90 billion, a P/E ratio of 27.33 and a beta of 1.08. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $68.68.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 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 prior year, the company posted $0.61 earnings per share. Equities research analysts anticipate that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.17%. Xilinx’s dividend payout ratio is currently 60.09%.
In related news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the transaction, the senior vice president now 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, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the transaction, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
Several equities research analysts have weighed in on XLNX shares. Raymond James Financial, Inc. reiterated a “hold” rating on shares of Xilinx in a report on Thursday, July 27th. Mizuho reiterated a “neutral” rating and issued a $69.00 target price (up from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $53.00 to $60.00 in a report on Tuesday, July 18th. KeyCorp set a $70.00 target price on shares of Xilinx and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Vetr lowered shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price on the stock. in a report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The stock 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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