Xilinx, Inc. (XLNX) Stake Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 14,058 shares of the programmable devices maker’s stock after buying an additional 271 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Xilinx were worth $814,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Freestone Capital Holdings LLC increased its position in Xilinx by 7.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 54,068 shares of the programmable devices maker’s stock worth $3,264,000 after buying an additional 3,944 shares in the last quarter. City Financial Investment Co Ltd bought a new position in Xilinx during the fourth quarter worth $484,000. Janus Capital Management LLC increased its position in Xilinx by 42.2% in the fourth quarter. Janus Capital Management LLC now owns 6,301,808 shares of the programmable devices maker’s stock worth $380,440,000 after buying an additional 1,871,602 shares in the last quarter. Intact Investment Management Inc. increased its position in Xilinx by 10.2% in the fourth quarter. Intact Investment Management Inc. now owns 71,300 shares of the programmable devices maker’s stock worth $4,304,000 after buying an additional 6,600 shares in the last quarter. Finally, Guardian Capital LP bought a new position in Xilinx during the fourth quarter worth $7,554,000. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

Xilinx, Inc. (NASDAQ XLNX) traded down 0.74% during mid-day trading on Tuesday, reaching $65.41. The company had a trading volume of 1,361,931 shares. The company’s 50-day moving average is $65.25 and its 200-day moving average is $60.21. The stock has a market capitalization of $16.22 billion, a PE ratio of 28.19 and a beta of 1.09. Xilinx, Inc. has a one year low of $43.50 and a one year high of $68.55.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Xilinx had a return on equity of 24.41% and a net margin of 26.50%. The business had revenue of $609.50 million during the quarter, compared to analyst estimates of $605.25 million. During the same period in the prior year, the company earned $0.54 earnings per share. Xilinx’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Xilinx, Inc. will post $2.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.12%. This is a positive change from Xilinx’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 12th. Xilinx’s dividend payout ratio is 60.61%.

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A number of research analysts have weighed in on the company. Wells Fargo & Co downgraded Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research note on Tuesday, May 23rd. Vetr upgraded Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research note on Monday. Pacific Crest restated an “overweight” rating and issued a $70.00 price target on shares of Xilinx in a research note on Friday, May 19th. Morgan Stanley restated an “overweight” rating and issued a $72.00 price target on shares of Xilinx in a research note on Wednesday, May 17th. Finally, Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Xilinx in a research note on Friday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus price target of $62.47.

In other Xilinx news, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the transaction, the chief financial officer now directly owns 19,058 shares of the company’s stock, valued at $1,270,978.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 15,300 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $64.78, for a total value of $991,134.00. Following the transaction, the chief executive officer now directly owns 245,066 shares of the company’s stock, valued at $15,875,375.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,000 shares of company stock valued at $4,862,471. 0.40% of the stock is owned by corporate insiders.

Xilinx Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:XLNX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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