Macquarie Group Ltd. Cuts Holdings in Xilinx, Inc. (XLNX)
Macquarie Group Ltd. cut its stake in Xilinx, Inc. (NASDAQ:XLNX) by 94.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,300 shares of the programmable devices maker’s stock after selling 2,111,100 shares during the quarter. Macquarie Group Ltd. owned about 0.05% of Xilinx worth $8,124,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in Xilinx in the second quarter valued at about $103,000. Sun Life Financial INC raised its position in Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after purchasing an additional 1,798 shares during the period. Huntington National Bank raised its position in 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 during the period. Northwestern Mutual Wealth Management Co. raised its position in 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 during the period. Finally, Comerica Securities Inc. purchased a new position in Xilinx in the second quarter valued at about $202,000. 97.42% of the stock is currently owned by institutional investors.
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Xilinx, Inc. (NASDAQ XLNX) opened at 72.66 on Tuesday. The firm has a market capitalization of $18.06 billion, a P/E ratio of 31.05 and a beta of 1.10. Xilinx, Inc. has a 1-year low of $48.97 and a 1-year high of $73.32. The company has a 50-day moving average price of $68.69 and a 200-day moving average price of $64.69.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $0.61 earnings per share. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
Several research firms have commented on XLNX. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho reissued a “neutral” rating and issued a $69.00 price objective (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Vetr raised Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective on the stock in a research report on Monday, June 19th. Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $66.14.
In related 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 of the company’s stock, valued at $2,602,995.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were 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 directly owns 270,856 shares in the company, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. Insiders have sold 209,330 shares of company stock valued at $14,598,104 in the last ninety days. 0.40% of the stock is owned by company 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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