Ashfield Capital Partners LLC trimmed its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,369 shares of the programmable devices maker’s stock after selling 1,052 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Xilinx were worth $1,104,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. NuWave Investment Management LLC bought a new position in Xilinx during the fourth quarter valued at $102,000. Tower Research Capital LLC TRC bought a new position in Xilinx during the fourth quarter valued at $106,000. Old Mutual Global Investors UK Ltd. bought a new position in Xilinx during the fourth quarter valued at $116,000. San Francisco Sentry Investment Group CA bought a new position in Xilinx during the third quarter valued at $117,000. Finally, Cerebellum GP LLC bought a new position in Xilinx during the fourth quarter valued at $126,000. 93.17% of the stock is owned by institutional investors.
Xilinx, Inc. (NASDAQ XLNX) opened at $71.25 on Thursday. Xilinx, Inc. has a twelve month low of $54.99 and a twelve month high of $77.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.08 and a quick ratio of 8.59. The company has a market capitalization of $18,160.00, a price-to-earnings ratio of 28.39, a PEG ratio of 3.87 and a beta of 1.13.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday, February 6th. Xilinx’s payout ratio is currently 55.78%.
In related news, SVP Scott Hover-Smoot sold 4,300 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total value of $308,396.00. Following the sale, the senior vice president now owns 37,569 shares in the company, valued at $2,694,448.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vincent Tong sold 19,687 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $73.52, for a total value of $1,447,388.24. Following the completion of the sale, the insider now owns 55,403 shares in the company, valued at approximately $4,073,228.56. The disclosure for this sale can be found here. Insiders sold 43,987 shares of company stock worth $3,271,984 in the last quarter. 0.40% of the stock is currently owned by company insiders.
Several equities analysts have weighed in on the company. Bank of America increased their price objective on Xilinx from $61.00 to $70.00 and gave the company an “underperform” rating in a report on Thursday, January 25th. SunTrust Banks increased their price objective on Xilinx to $79.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. increased their price objective on Xilinx from $67.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Credit Suisse Group increased their price objective on Xilinx from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Co increased their price objective on Xilinx from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $73.45.
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.
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