Allianz Asset Management GmbH Grows Position in Xilinx, Inc. (XLNX)
Allianz Asset Management GmbH boosted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,530 shares of the programmable devices maker’s stock after purchasing an additional 80,415 shares during the quarter. Allianz Asset Management GmbH owned about 0.18% of Xilinx worth $31,699,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in XLNX. Acadian Asset Management LLC purchased a new stake in Xilinx in the 2nd quarter valued at $283,000. Daiwa Securities Group Inc. raised its position in Xilinx by 72.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 12,450 shares of the programmable devices maker’s stock valued at $801,000 after purchasing an additional 5,250 shares during the last quarter. TD Asset Management Inc. increased its stake in Xilinx by 50.5% in the 2nd quarter. TD Asset Management Inc. now owns 272,969 shares of the programmable devices maker’s stock valued at $17,557,000 after buying an additional 91,538 shares during the period. Global X Management Co. LLC increased its stake in Xilinx by 24.0% in the 2nd quarter. Global X Management Co. LLC now owns 8,401 shares of the programmable devices maker’s stock valued at $540,000 after buying an additional 1,628 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Xilinx by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,190,475 shares of the programmable devices maker’s stock valued at $76,572,000 after buying an additional 49,720 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.
In other news, CEO Moshe Gavrielov sold 121,400 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 164,304 shares of the company’s stock, valued at approximately $11,621,221.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Victor Peng sold 25,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $72.00, for a total transaction of $1,800,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,127 shares of company stock worth $15,135,685. Corporate insiders own 0.40% of the company’s stock.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping 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 business had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same period in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts predict that Xilinx, Inc. will post 2.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. Xilinx’s dividend payout ratio (DPR) is presently 59.07%.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Robert W. Baird reissued a “hold” rating and issued a $68.00 price objective on shares of Xilinx in a research note on Friday, October 27th. Barclays boosted their price objective on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, Deutsche Bank boosted their price objective on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. Xilinx presently has an average rating of “Hold” and a consensus price target of $69.73.
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.
Receive News & Stock Ratings for Xilinx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related stocks with our FREE daily email newsletter.