Employees Retirement System of Texas Has $965,000 Position in Xilinx, Inc. (XLNX)
Employees Retirement System of Texas continued to hold its stake in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,000 shares of the programmable devices maker’s stock at the close of the second quarter. Employees Retirement System of Texas’ holdings in Xilinx were worth $965,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of XLNX. Acrospire Investment Management LLC acquired a new position in shares of Xilinx in the second quarter valued at $103,000. Huntington National Bank raised 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 valued at $180,000 after purchasing an additional 1,913 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 valued at $191,000 after purchasing an additional 936 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Xilinx in the first quarter valued at $201,000. Finally, Comerica Securities Inc. bought a new stake in Xilinx in the second quarter valued at $202,000. Institutional investors and hedge funds own 97.42% of the company’s stock.
In related news, CEO Moshe Gavrielov sold 6,399 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $71.73, for a total value of $459,000.27. Following the sale, the chief executive officer now directly owns 135,014 shares of the company’s stock, valued at $9,684,554.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the sale, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. Insiders sold 209,330 shares of company stock worth $14,598,104 over the last three months. 0.40% of the stock is owned by insiders.
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A number of analysts have weighed in on the company. KeyCorp set a $78.00 price target on Xilinx and gave the company a “buy” rating in a research report on Wednesday, October 11th. MKM Partners upped their price target on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Finally, BidaskClub cut Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. Xilinx currently has an average rating of “Hold” and an average price target of $66.14.
Xilinx, Inc. (NASDAQ:XLNX) opened at 72.66 on Tuesday. Xilinx, Inc. has a 52 week low of $48.97 and a 52 week high of $73.32. The stock has a 50 day moving average price of $68.69 and a 200-day moving average price of $64.69. The firm has a market capitalization of $18.06 billion, a P/E ratio of 31.05 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. Xilinx’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
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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