UMB Bank N A MO lifted its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,843 shares of the programmable devices maker’s stock after acquiring an additional 2,473 shares during the quarter. UMB Bank N A MO’s holdings in Xilinx were worth $5,164,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Xilinx by 3.2% in the second quarter. Vanguard Group Inc. now owns 30,583,554 shares of the programmable devices maker’s stock valued at $3,606,413,000 after buying an additional 952,468 shares during the last quarter. BlackRock Inc. boosted its stake in Xilinx by 9.1% in the second quarter. BlackRock Inc. now owns 23,066,691 shares of the programmable devices maker’s stock valued at $2,720,026,000 after acquiring an additional 1,929,227 shares during the period. Invesco Ltd. boosted its stake in Xilinx by 15.7% in the second quarter. Invesco Ltd. now owns 4,196,121 shares of the programmable devices maker’s stock valued at $494,807,000 after acquiring an additional 570,931 shares during the period. Bank of New York Mellon Corp boosted its stake in Xilinx by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 3,991,095 shares of the programmable devices maker’s stock valued at $470,630,000 after acquiring an additional 63,427 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Xilinx by 24.5% in the second quarter. Janus Henderson Group PLC now owns 3,487,605 shares of the programmable devices maker’s stock valued at $411,258,000 after acquiring an additional 686,461 shares during the period. 84.63% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Vincent Tong sold 8,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $105.00, for a total transaction of $840,000.00. Following the completion of the transaction, the executive vice president now owns 36,775 shares of the company’s stock, valued at $3,861,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Emre Onder sold 1,337 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $96.79, for a total transaction of $129,408.23. Following the transaction, the senior vice president now directly owns 4,340 shares of the company’s stock, valued at approximately $420,068.60. The disclosure for this sale can be found here. Insiders have sold 18,826 shares of company stock valued at $1,941,768 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.
Shares of NASDAQ XLNX traded up $1.97 during midday trading on Friday, hitting $92.71. 2,937,000 shares of the company’s stock were exchanged, compared to its average volume of 3,590,471. The firm has a market cap of $22.95 billion, a P/E ratio of 26.64, a PEG ratio of 2.27 and a beta of 1.25. Xilinx, Inc. has a twelve month low of $79.22 and a twelve month high of $141.60. The stock’s 50 day moving average price is $96.00 and its 200-day moving average price is $108.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.44 and a quick ratio of 5.78.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The business had revenue of $833.00 million for the quarter, compared to the consensus estimate of $823.63 million. During the same period in the prior year, the business posted $0.84 earnings per share. Xilinx’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect that Xilinx, Inc. will post 3.35 EPS for the current fiscal year.
Xilinx declared that its board has initiated a stock buyback program on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the programmable devices maker to buy up to 4.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, November 8th. Xilinx’s dividend payout ratio is presently 42.53%.
A number of equities analysts have commented on XLNX shares. SunTrust Banks decreased their target price on Xilinx to $94.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Zacks Investment Research upgraded Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a research note on Saturday, July 27th. Morgan Stanley decreased their target price on Xilinx from $134.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. KeyCorp restated an “overweight” rating and issued a $130.00 target price (down from $140.00) on shares of Xilinx in a research note on Monday, August 26th. Finally, ValuEngine upgraded Xilinx from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Xilinx has a consensus rating of “Hold” and a consensus target price of $113.26.
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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