Xilinx, Inc. (XLNX) Holdings Reduced by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board cut its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,760,172 shares of the programmable devices maker’s stock after selling 174,930 shares during the quarter. Xilinx makes up about 0.9% of Canada Pension Plan Investment Board’s investment portfolio, making the stock its 22nd biggest position. Canada Pension Plan Investment Board’s holdings in Xilinx were worth $405,390,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in Xilinx by 2.7% during the third quarter. BlackRock Inc. now owns 19,470,038 shares of the programmable devices maker’s stock valued at $1,560,915,000 after acquiring an additional 510,107 shares during the period. Alliancebernstein L.P. grew its position in shares of Xilinx by 8.8% during the third quarter. Alliancebernstein L.P. now owns 8,916,616 shares of the programmable devices maker’s stock valued at $714,845,000 after purchasing an additional 720,829 shares in the last quarter. Capital International Investors purchased a new position in shares of Xilinx during the third quarter valued at about $621,654,000. Oregon Public Employees Retirement Fund grew its position in shares of Xilinx by 12,987.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,595,886 shares of the programmable devices maker’s stock valued at $89,000 after purchasing an additional 7,537,845 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Xilinx by 115.8% during the third quarter. Bank of New York Mellon Corp now owns 4,309,431 shares of the programmable devices maker’s stock valued at $345,488,000 after purchasing an additional 2,312,358 shares in the last quarter. 91.27% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on XLNX shares. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Barclays raised their price objective on Xilinx from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 25th. Citigroup raised their price objective on Xilinx from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. William Blair started coverage on Xilinx in a research report on Friday, October 26th. They set a “market perform” rating for the company. Finally, MKM Partners raised their price objective on Xilinx to $85.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Xilinx presently has an average rating of “Buy” and an average price target of $96.17.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The company had revenue of $800.00 million during the quarter, compared to analyst estimates of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The firm’s revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. Analysts anticipate that Xilinx, Inc. will post 3.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Wednesday, February 6th will be given a $0.36 dividend. The ex-dividend date is Tuesday, February 5th. This represents a $1.44 annualized dividend and a yield of 1.21%. Xilinx’s dividend payout ratio is currently 50.88%.
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
See Also: Depreciation
Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.