Miracle Mile Advisors LLC acquired a new stake in Xilinx, Inc. (NASDAQ:XLNX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 27,617 shares of the programmable devices maker’s stock, valued at approximately $3,502,000.
A number of other large investors have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Xilinx by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,801 shares of the programmable devices maker’s stock worth $1,877,000 after buying an additional 996 shares in the last quarter. Grandview Asset Management LLC bought a new stake in shares of Xilinx during the 1st quarter worth about $217,000. Stratos Wealth Partners LTD. raised its position in shares of Xilinx by 7.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 10,012 shares of the programmable devices maker’s stock worth $1,269,000 after buying an additional 706 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Xilinx by 17.1% during the 1st quarter. New York State Teachers Retirement System now owns 410,339 shares of the programmable devices maker’s stock worth $52,027,000 after buying an additional 59,907 shares in the last quarter. Finally, Delta Investment Management LLC bought a new stake in shares of Xilinx during the 1st quarter worth about $2,437,000. Hedge funds and other institutional investors own 88.27% of the company’s stock.
A number of analysts have commented on XLNX shares. SunTrust Banks boosted their price target on shares of Xilinx to $102.00 and gave the stock a “hold” rating in a research report on Thursday, January 24th. BMO Capital Markets downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $100.00 to $125.00 in a research report on Monday, March 4th. Deutsche Bank boosted their price target on shares of Xilinx from $90.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Bank of America restated a “buy” rating and set a $143.00 price target on shares of Xilinx in a research report on Friday, May 3rd. Finally, Cowen restated a “market perform” rating and set a $105.00 price target (up from $81.00) on shares of Xilinx in a research report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Xilinx currently has an average rating of “Buy” and a consensus target price of $115.52.
Shares of XLNX opened at $104.73 on Friday. The company has a market capitalization of $29.06 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.53 and a current ratio of 8.19. Xilinx, Inc. has a 12-month low of $64.15 and a 12-month high of $141.60.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.02). The business had revenue of $828.36 million during the quarter, compared to analyst estimates of $826.51 million. Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. As a group, research analysts forecast that Xilinx, Inc. will post 3.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be given a $0.37 dividend. This is an increase from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, May 15th. Xilinx’s dividend payout ratio (DPR) is 42.53%.
In other news, SVP Mark Wadlington sold 2,241 shares of Xilinx stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $133.10, for a total value of $298,277.10. Following the transaction, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at $244,105.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.
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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