Grandview Asset Management LLC bought a new position in shares of Xilinx, Inc. (NASDAQ:XLNX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,712 shares of the programmable devices maker’s stock, valued at approximately $217,000.
A number of other large investors also recently made changes to their positions in the stock. Shamrock Asset Management LLC acquired a new position in Xilinx during the 1st quarter valued at about $25,000. CWM LLC boosted its stake in Xilinx by 225.0% during the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after purchasing an additional 153 shares during the last quarter. Lindbrook Capital LLC acquired a new position in Xilinx during the 4th quarter valued at about $25,000. Ropes Wealth Advisors LLC boosted its stake in Xilinx by 42.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after purchasing an additional 107 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in Xilinx by 206.8% during the 1st quarter. TCI Wealth Advisors Inc. now owns 359 shares of the programmable devices maker’s stock valued at $46,000 after purchasing an additional 242 shares during the last quarter. 88.27% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:XLNX traded down $4.69 during mid-day trading on Thursday, reaching $109.76. The company had a trading volume of 364,965 shares, compared to its average volume of 4,072,395. The company has a current ratio of 8.19, a quick ratio of 7.53 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $29.06 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. Xilinx, Inc. has a one year low of $64.15 and a one year high of $141.60.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). The company had revenue of $828.36 million during the quarter, compared to the consensus estimate of $826.51 million. Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. Research analysts predict that Xilinx, Inc. will post 3.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.37 per share. This is a boost from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.35%. Xilinx’s payout ratio is presently 41.38%.
In other Xilinx news, SVP Mark Wadlington sold 2,241 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the sale, the senior vice president now owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.
A number of equities analysts have recently weighed in on XLNX shares. Needham & Company LLC downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Cowen restated a “market perform” rating and issued a $120.00 target price (down previously from $130.00) on shares of Xilinx in a research note on Thursday, April 25th. Goldman Sachs Group downgraded Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a research note on Thursday, April 25th. Deutsche Bank boosted their target price on Xilinx from $90.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Finally, Morgan Stanley boosted their target price on Xilinx from $101.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $115.52.
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Xilinx Company Profile
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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