Earnest Partners LLC cut its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 837,751 shares of the programmable devices maker’s stock after selling 34,239 shares during the quarter. Earnest Partners LLC’s holdings in Xilinx were worth $56,481,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its stake in Xilinx by 3.1% in the fourth quarter. BlackRock Inc. now owns 17,520,566 shares of the programmable devices maker’s stock valued at $1,181,236,000 after acquiring an additional 525,871 shares during the last quarter. Geode Capital Management LLC lifted its stake in Xilinx by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,026,464 shares of the programmable devices maker’s stock valued at $203,676,000 after acquiring an additional 106,582 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in Xilinx by 0.4% in the third quarter. Alkeon Capital Management LLC now owns 2,494,138 shares of the programmable devices maker’s stock valued at $176,660,000 after acquiring an additional 10,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Xilinx by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,048,881 shares of the programmable devices maker’s stock valued at $138,136,000 after acquiring an additional 24,623 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Xilinx by 6.5% in the third quarter. Legal & General Group Plc now owns 1,313,981 shares of the programmable devices maker’s stock valued at $93,067,000 after acquiring an additional 79,891 shares during the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.
In other news, CEO Moshe Gavrielov sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total value of $1,516,200.00. Following the sale, the chief executive officer now owns 62,813 shares in the company, valued at approximately $4,761,853.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Hover-Smoot sold 4,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the completion of the sale, the senior vice president now owns 37,569 shares in the company, valued at approximately $2,694,448.68. The disclosure for this sale can be found here. Insiders sold a total of 43,987 shares of company stock worth $3,271,984 in the last 90 days. 0.40% of the stock is owned by corporate insiders.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.58). The business had revenue of $631.00 million during the quarter, compared to the consensus estimate of $630.00 million. Xilinx had a net margin of 20.20% and a return on equity of 27.61%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. equities research analysts forecast that Xilinx, Inc. will post 1.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th were paid a $0.35 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.82%. Xilinx’s dividend payout ratio is presently 73.68%.
A number of brokerages have recently weighed in on XLNX. BidaskClub cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Morgan Stanley boosted their price objective on shares of Xilinx from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Goldman Sachs Group upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Argus boosted their price objective on shares of Xilinx to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Barclays reaffirmed a “hold” rating and set a $70.00 target price on shares of Xilinx in a research report on Friday, January 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Xilinx currently has a consensus rating of “Hold” and an average target price of $73.45.
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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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