Rhumbline Advisers Reduces Holdings in Xilinx, Inc. (XLNX)
Rhumbline Advisers lessened its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 527,093 shares of the programmable devices maker’s stock after selling 3,205 shares during the period. Rhumbline Advisers owned 0.21% of Xilinx worth $37,334,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in XLNX. Acrospire Investment Management LLC purchased a new stake in shares of Xilinx during the 2nd quarter valued at about $103,000. Sun Life Financial INC raised its position in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after buying an additional 1,798 shares in the last quarter. Huntington National Bank raised its position in shares of Xilinx by 217.1% during the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Xilinx by 46.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after buying an additional 936 shares in the last quarter. Finally, Comerica Securities Inc. purchased a new stake in shares of Xilinx during the 2nd quarter valued at about $202,000. 96.11% of the stock is owned by institutional investors and hedge funds.
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XLNX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, August 1st. Credit Suisse Group restated an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Deutsche Bank AG upped their target price on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. MKM Partners upped their target price on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. Finally, KeyCorp set a $78.00 price objective on shares of Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus price target of $69.73.
In other news, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total transaction of $209,922.44. Following the transaction, the chief financial officer now directly owns 28,313 shares in the company, valued at $2,101,673.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 121,400 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $70.73, for a total transaction of $8,586,622.00. Following the completion of the sale, the chief executive officer now owns 164,304 shares of the company’s stock, valued at $11,621,221.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,627 shares of company stock worth $13,155,185. Insiders own 0.40% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) opened at $72.67 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. Xilinx, Inc. has a one year low of $52.54 and a one year high of $75.14. The stock has a market cap of $17,802.60, a P/E ratio of 29.93, a PEG ratio of 2.93 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The firm had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. During the same period last year, the firm earned $0.61 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. analysts predict that Xilinx, Inc. will post 2.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.93%. Xilinx’s dividend payout ratio is presently 59.07%.
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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