Xilinx, Inc. (XLNX) Stake Lessened by Riverhead Capital Management LLC
Riverhead Capital Management LLC trimmed its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 16.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,864 shares of the programmable devices maker’s stock after selling 11,265 shares during the quarter. Riverhead Capital Management LLC’s holdings in Xilinx were worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in XLNX. Delta Lloyd Asset Management N.V. acquired a new position in Xilinx during the 2nd quarter worth approximately $2,376,000. Aviva PLC increased its holdings in Xilinx by 1.3% during the 2nd quarter. Aviva PLC now owns 156,933 shares of the programmable devices maker’s stock worth $10,095,000 after purchasing an additional 2,030 shares in the last quarter. Vanguard Group Inc. increased its holdings in Xilinx by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock worth $1,564,772,000 after purchasing an additional 812,627 shares in the last quarter. KBC Group NV increased its holdings in Xilinx by 31.2% during the 2nd quarter. KBC Group NV now owns 30,949 shares of the programmable devices maker’s stock worth $1,991,000 after purchasing an additional 7,359 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in Xilinx by 21.3% during the 2nd quarter. Copeland Capital Management LLC now owns 176,969 shares of the programmable devices maker’s stock worth $11,383,000 after purchasing an additional 31,101 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.
In other news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction that occurred on 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 directly owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a legal 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 that occurred on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Shares of Xilinx, Inc. (XLNX) opened at 64.99 on Wednesday. The firm has a 50-day moving average of $63.64 and a 200 day moving average of $62.76. Xilinx, Inc. has a one year low of $48.75 and a one year high of $68.68. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 27.77 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million for 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 company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were paid a $0.35 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. Xilinx’s dividend payout ratio is currently 60.09%.
A number of analysts have commented on the company. Mizuho reissued a “neutral” rating and set a $69.00 price objective (up from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Raymond James Financial, Inc. reissued a “hold” rating on shares of Xilinx in a report on Thursday, July 27th. Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $53.00 to $60.00 in a report on Tuesday, July 18th. KeyCorp set a $70.00 price objective on Xilinx and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Vetr downgraded Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price on the stock. in a research report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $64.57.
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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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