Sei Investments Co. Sells 165,322 Shares of Xilinx, Inc. (XLNX)
Sei Investments Co. reduced its position in Xilinx, Inc. (NASDAQ:XLNX) by 54.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,670 shares of the programmable devices maker’s stock after selling 165,322 shares during the period. Sei Investments Co. owned approximately 0.06% of Xilinx worth $9,964,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Xilinx in the 2nd quarter worth $103,000. Sun Life Financial INC lifted its holdings in shares of Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after purchasing an additional 1,798 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after purchasing an additional 1,913 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 acquiring an additional 936 shares in the last quarter. Finally, Comerica Securities Inc. bought a new position in Xilinx during the 2nd quarter valued at $202,000. Institutional investors own 96.51% of the company’s stock.
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In other Xilinx news, Director Elizabeth W. Vanderslice sold 2,500 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total value of $180,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $70.73, for a total value of $8,586,622.00. Following the completion of the sale, the chief executive officer now directly owns 164,304 shares in the company, valued at $11,621,221.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,127 shares of company stock worth $15,135,685. 0.40% of the stock is owned by insiders.
Several equities analysts have weighed in on XLNX shares. Rosenblatt Securities restated a “hold” rating on shares of Xilinx in a research note on Wednesday, July 26th. Vetr upgraded Xilinx from a “hold” rating to a “buy” rating and set a $70.95 price objective on the stock in a research note on Wednesday, July 26th. Mizuho reaffirmed a “neutral” rating and set a $69.00 target price (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Thursday, July 27th. Finally, KeyCorp set a $70.00 target price on Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Xilinx currently has an average rating of “Hold” and an average price target of $69.73.
Xilinx, Inc. (NASDAQ XLNX) opened at $72.64 on Tuesday. 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 12 month low of $52.54 and a 12 month high of $75.14. The stock has a market capitalization of $18,230.00, a P/E ratio of 30.30, a PEG ratio of 2.97 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. sell-side analysts anticipate that Xilinx, Inc. will post 2.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 annualized dividend and a yield of 1.93%. Xilinx’s payout ratio is 58.82%.
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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