King Luther Capital Management Corp acquired a new position in Xilinx, Inc. (NASDAQ:XLNX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,400 shares of the programmable devices maker’s stock, valued at approximately $1,569,000.

Several other institutional investors have also modified their holdings of XLNX. TrimTabs Asset Management LLC grew its stake in shares of 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 purchasing an additional 936 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of 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 purchasing an additional 2,664 shares during the last quarter. Huntington National Bank grew its stake in shares of 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 purchasing an additional 1,913 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Xilinx by 46.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after purchasing an additional 936 shares during the last quarter. Finally, Harfst & Associates Inc. bought a new stake in shares of Xilinx in the first quarter worth $201,000. 97.41% of the stock is currently owned by institutional investors.

In other Xilinx news, insider Steven L. Glaser sold 15,788 shares of Xilinx stock in a transaction dated 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 transaction, the insider now directly owns 12,387 shares of the company’s stock, valued at $785,088.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx stock in a transaction dated Thursday, August 3rd. The stock was 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 directly owns 41,869 shares of the company’s stock, valued at $2,602,995.73. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

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Several brokerages recently weighed in on XLNX. Vetr cut shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price objective on the stock. in a research note on Monday, June 26th. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Wells Fargo & Company cut shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a research note on Tuesday, May 23rd. Credit Suisse Group reissued an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock 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 assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.57.

Shares of Xilinx, Inc. (XLNX) opened at 69.70 on Tuesday. The company has a 50 day moving average of $64.11 and a 200-day moving average of $63.07. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 29.79 and a beta of 1.08. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $69.99.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million during 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 business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. Analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders 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 yield of 2.01%. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.

Xilinx 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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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