Geode Capital Management LLC boosted its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,026,464 shares of the programmable devices maker’s stock after buying an additional 106,582 shares during the quarter. Geode Capital Management LLC owned approximately 1.19% of Xilinx worth $203,676,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Investec Asset Management LTD grew its position in Xilinx by 28.2% during the fourth quarter. Investec Asset Management LTD now owns 135,339 shares of the programmable devices maker’s stock valued at $9,125,000 after buying an additional 29,756 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in Xilinx during the fourth quarter valued at $254,000. Allianz Asset Management GmbH grew its position in Xilinx by 4.6% during the fourth quarter. Allianz Asset Management GmbH now owns 468,232 shares of the programmable devices maker’s stock valued at $31,569,000 after buying an additional 20,702 shares during the period. Amalgamated Bank grew its position in Xilinx by 9.7% during the fourth quarter. Amalgamated Bank now owns 32,823 shares of the programmable devices maker’s stock valued at $2,213,000 after buying an additional 2,908 shares during the period. Finally, King Luther Capital Management Corp grew its position in Xilinx by 83.6% during the fourth quarter. King Luther Capital Management Corp now owns 146,297 shares of the programmable devices maker’s stock valued at $9,863,000 after buying an additional 66,597 shares during the period. Institutional investors own 91.67% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) traded down $0.13 during trading hours on Wednesday, hitting $76.01. 2,185,591 shares of the stock traded hands, compared to its average volume of 2,827,350. The company has a current ratio of 9.08, a quick ratio of 8.59 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $19,638.61, a P/E ratio of 40.01, a P/E/G ratio of 4.17 and a beta of 1.11. Xilinx, Inc. has a 12-month low of $54.99 and a 12-month high of $78.02.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.58). The business had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $630.00 million. Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. analysts expect that Xilinx, Inc. will post 1.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Tuesday, February 6th. Xilinx’s dividend payout ratio is currently 73.68%.
In other Xilinx news, insider Vincent Tong sold 19,687 shares of Xilinx stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $73.52, for a total transaction of $1,447,388.24. Following the transaction, the insider now directly owns 55,403 shares of the company’s stock, valued at $4,073,228.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Hover-Smoot sold 4,300 shares of Xilinx stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total transaction of $308,396.00. Following the transaction, the senior vice president now directly owns 37,569 shares in the company, valued at $2,694,448.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,987 shares of company stock worth $3,271,984. Insiders own 0.40% of the company’s stock.
XLNX has been the topic of several analyst reports. KeyCorp restated an “overweight” rating and set a $87.00 price target (up previously from $78.00) on shares of Xilinx in a research report on Tuesday, January 23rd. Goldman Sachs Group raised shares of Xilinx from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Argus increased their price objective on shares of Xilinx to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Barclays reaffirmed a “hold” rating and set a $70.00 price objective on shares of Xilinx in a report on Friday, January 19th. Finally, BidaskClub downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $73.45.
TRADEMARK VIOLATION NOTICE: This news story was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2018/03/14/xilinx-inc-xlnx-holdings-boosted-by-geode-capital-management-llc.html.
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 & 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.