Captrust Financial Advisors increased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 5.9% in the second quarter, HoldingsChannel reports. The firm owned 17,072 shares of the programmable devices maker’s stock after purchasing an additional 944 shares during the period. Captrust Financial Advisors’ holdings in Xilinx were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in XLNX. Nan Shan Life Insurance Co. Ltd. lifted its stake in Xilinx by 101.5% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 817,988 shares of the programmable devices maker’s stock valued at $53,382,000 after acquiring an additional 411,997 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Xilinx during the 2nd quarter valued at approximately $123,000. Envestnet Asset Management Inc. lifted its stake in Xilinx by 2,327.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 174,042 shares of the programmable devices maker’s stock valued at $11,358,000 after acquiring an additional 166,871 shares during the period. Stephens Inc. AR lifted its stake in Xilinx by 105.6% during the 2nd quarter. Stephens Inc. AR now owns 2,992 shares of the programmable devices maker’s stock valued at $195,000 after acquiring an additional 1,537 shares during the period. Finally, Highstreet Asset Management Inc. lifted its stake in Xilinx by 14.5% during the 2nd quarter. Highstreet Asset Management Inc. now owns 23,303 shares of the programmable devices maker’s stock valued at $1,521,000 after acquiring an additional 2,945 shares during the period. Institutional investors own 87.43% of the company’s stock.
XLNX has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Xilinx from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, May 23rd. Morgan Stanley lifted their price objective on shares of Xilinx from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Robert W. Baird upgraded shares of Xilinx from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $71.00 to $90.00 in a research note on Tuesday, August 28th. SunTrust Banks lifted their price objective on shares of Xilinx to $76.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Finally, KeyCorp lifted their price objective on shares of Xilinx from $80.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $78.33.
XLNX opened at $78.79 on Wednesday. The company has a quick ratio of 4.11, a current ratio of 4.38 and a debt-to-equity ratio of 0.52. Xilinx, Inc. has a 1 year low of $62.27 and a 1 year high of $78.97. The firm has a market capitalization of $19.68 billion, a P/E ratio of 27.84, a PEG ratio of 2.74 and a beta of 1.03.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Xilinx had a net margin of 20.52% and a return on equity of 31.63%. The firm had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $674.46 million. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. equities research analysts forecast that Xilinx, Inc. will post 2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Wednesday, August 8th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Tuesday, August 7th. Xilinx’s dividend payout ratio is currently 50.88%.
In related news, Director John Michael Patterson sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $73.49, for a total value of $220,470.00. Following the completion of the sale, the director now owns 23,282 shares of the company’s stock, valued at approximately $1,710,994.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Catia Hagopian sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $78.01, for a total transaction of $78,010.00. Following the completion of the sale, the vice president now directly owns 9,271 shares of the company’s stock, valued at approximately $723,230.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,209 shares of company stock valued at $1,560,102. Company insiders own 0.16% of the company’s stock.
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.
See Also: How Do You Make Money With Penny Stocks?
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.