Westfield Capital Management Co. LP Acquires Shares of 248,888 Xilinx, Inc. (NASDAQ:XLNX)
Westfield Capital Management Co. LP bought a new stake in Xilinx, Inc. (NASDAQ:XLNX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 248,888 shares of the programmable devices maker’s stock, valued at approximately $29,349,000. Westfield Capital Management Co. LP owned 0.10% of Xilinx at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in shares of Xilinx by 4.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,956 shares of the programmable devices maker’s stock valued at $230,000 after purchasing an additional 81 shares during the last quarter. Ballentine Partners LLC increased its stake in Xilinx by 5.1% during the 2nd quarter. Ballentine Partners LLC now owns 1,759 shares of the programmable devices maker’s stock worth $207,000 after buying an additional 85 shares during the period. Lyell Wealth Management LP lifted its holdings in Xilinx by 1.2% during the 2nd quarter. Lyell Wealth Management LP now owns 8,212 shares of the programmable devices maker’s stock worth $968,000 after buying an additional 100 shares in the last quarter. Citizens Financial Group Inc RI lifted its holdings in Xilinx by 114.2% during the 2nd quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Finally, Lenox Wealth Management Inc. boosted its position in Xilinx by 11.9% in the 2nd quarter. Lenox Wealth Management Inc. now owns 1,301 shares of the programmable devices maker’s stock valued at $153,000 after buying an additional 138 shares during the period. 85.06% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on XLNX shares. Robert W. Baird set a $128.00 price target on shares of Xilinx and gave the stock a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets decreased their target price on Xilinx from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Wednesday, May 15th. Mizuho reissued a “buy” rating and set a $140.00 target price on shares of Xilinx in a research note on Sunday, August 18th. Morgan Stanley boosted their target price on Xilinx from $126.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Benchmark assumed coverage on Xilinx in a report on Tuesday, July 23rd. They set a “hold” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $119.05.
XLNX stock traded down $1.72 during trading on Wednesday, hitting $105.00. The stock had a trading volume of 101,539 shares, compared to its average volume of 2,560,789. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. The company’s 50 day moving average price is $108.27 and its two-hundred day moving average price is $116.18. Xilinx, Inc. has a 1-year low of $68.76 and a 1-year high of $141.60.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The business had revenue of $849.60 million during the quarter, compared to the consensus estimate of $849.76 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Xilinx, Inc. will post 3.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $1.48 annualized dividend and a yield of 1.41%. Xilinx’s payout ratio is currently 42.53%.
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.
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