Mckinley Capital Management LLC Delaware Buys Shares of 55,994 Xilinx, Inc. (XLNX)
Mckinley Capital Management LLC Delaware bought a new position in Xilinx, Inc. (NASDAQ:XLNX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 55,994 shares of the programmable devices maker’s stock, valued at approximately $3,602,000.
A number of other hedge funds have also recently modified their holdings of XLNX. Vanguard Group Inc. boosted its stake in shares of Xilinx by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock worth $1,779,622,000 after acquiring an additional 638,165 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Xilinx by 3.8% during the 1st quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock worth $571,899,000 after acquiring an additional 358,064 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Xilinx by 12.1% during the 1st quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock worth $409,062,000 after acquiring an additional 764,384 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Xilinx by 9.8% during the 1st quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock worth $269,040,000 after acquiring an additional 413,912 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new stake in shares of Xilinx during the 1st quarter worth about $203,769,000. 97.42% of the stock is currently owned by institutional investors.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred 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 sale, 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. In the last 90 days, insiders have sold 52,931 shares of company stock valued at $3,499,574. Corporate insiders own 0.40% of the company’s stock.
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Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up 0.31% during mid-day trading on Thursday, hitting $70.65. The company’s stock had a trading volume of 125,665 shares. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 30.45 and a beta of 1.08. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $70.74. The company has a 50-day moving average of $64.29 and a 200 day moving average of $63.15.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect that Xilinx, Inc. will post $2.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, August 8th. Xilinx’s dividend payout ratio is presently 60.09%.
Several analysts have recently issued reports on XLNX shares. Morgan Stanley reiterated an “overweight” rating and set a $72.00 price target on shares of Xilinx in a research note on Monday, June 12th. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Vetr upgraded Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research note on Monday, June 19th. Pacific Crest reiterated an “overweight” rating and set a $70.00 price target on shares of Xilinx in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $64.57.
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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