Winslow Capital Management LLC Sells 570,880 Shares of Xilinx, Inc. (XLNX)
Winslow Capital Management LLC decreased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 16.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,949,039 shares of the programmable devices maker’s stock after selling 570,880 shares during the quarter. Winslow Capital Management LLC owned approximately 1.19% of Xilinx worth $189,681,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of XLNX. Russell Investments Group Ltd. boosted its stake in shares of Xilinx by 15.0% in the first quarter. Russell Investments Group Ltd. now owns 86,752 shares of the programmable devices maker’s stock worth $5,026,000 after buying an additional 11,286 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Xilinx in the first quarter worth about $434,000. Oxford Asset Management purchased a new stake in shares of Xilinx in the first quarter worth about $1,850,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Xilinx by 62.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 45,231 shares of the programmable devices maker’s stock worth $2,618,000 after buying an additional 17,387 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Xilinx by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 256,402 shares of the programmable devices maker’s stock worth $14,842,000 after buying an additional 5,656 shares during the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.
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XLNX has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $72.00 price target on shares of Xilinx in a report on Monday, June 12th. Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Xilinx in a report on Friday, June 16th. Vetr raised Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a report on Monday, June 19th. Pacific Crest reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Xilinx in a report on Wednesday, June 21st. Finally, BidaskClub raised Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $64.57.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share 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 analysts’ expectations 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 period in the prior year, the company posted $0.61 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.02%. Xilinx’s payout ratio is currently 60.09%.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the company’s 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 completion of the sale, the insider now owns 12,387 shares in the company, valued at approximately $785,088.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,931 shares of company stock valued at $3,499,574. 0.40% of the stock is currently owned by corporate insiders.
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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