Sun Life Financial INC Raises Position in Xilinx, Inc. (XLNX)
Sun Life Financial INC boosted its stake in Xilinx, Inc. (NASDAQ:XLNX) by 22,475.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,806 shares of the programmable devices maker’s stock after buying an additional 1,798 shares during the quarter. Sun Life Financial INC’s holdings in Xilinx were worth $116,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of XLNX. Winslow Capital Management LLC acquired a new stake in Xilinx during the 1st quarter valued at $203,769,000. Canada Pension Plan Investment Board raised its holdings in shares of Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock worth $117,537,000 after acquiring an additional 1,619,600 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Xilinx by 104.8% in the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock worth $201,592,000 after acquiring an additional 1,603,850 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock worth $97,805,000 after acquiring an additional 1,232,206 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Xilinx in the first quarter worth $49,023,000. 97.42% of the stock is currently owned by hedge funds and other institutional investors.
Xilinx, Inc. (NASDAQ:XLNX) traded down 0.66% during midday trading on Wednesday, reaching $70.68. 78,273 shares of the company were exchanged. The firm has a market cap of $17.57 billion, a P/E ratio of 30.21 and a beta of 1.10. The firm’s 50-day moving average is $66.31 and its 200-day moving average is $63.91. Xilinx, Inc. has a one year low of $48.75 and a one year high of $71.76.
Xilinx (NASDAQ:XLNX) last released its quarterly 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 company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. On average, equities analysts expect that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
In other Xilinx news, CEO Moshe Gavrielov sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now owns 270,856 shares of the company’s stock, valued at $18,894,914.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the company’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 directly owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders sold a total of 174,331 shares of company stock worth $12,086,196 over the last three months. 0.40% of the stock is owned by company insiders.
XLNX has been the topic of several recent research reports. Mizuho reaffirmed a “neutral” rating and set a $69.00 price objective (up previously from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Raymond James Financial, Inc. reissued a “hold” rating on shares of Xilinx in a research note on Thursday, July 27th. Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. KeyCorp set a $70.00 target price on shares of Xilinx and gave the company 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 analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.57.
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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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