New York State Teachers Retirement System boosted its stake in Xilinx, Inc. (NASDAQ:XLNX) by 17.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 410,339 shares of the programmable devices maker’s stock after acquiring an additional 59,907 shares during the quarter. New York State Teachers Retirement System’s holdings in Xilinx were worth $52,027,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC bought a new position in Xilinx in the 4th quarter worth about $25,000. Shamrock Asset Management LLC bought a new position in Xilinx in the 1st quarter worth about $25,000. CWM LLC boosted its stake in Xilinx by 225.0% in the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock worth $28,000 after purchasing an additional 153 shares during the period. Ropes Wealth Advisors LLC boosted its stake in Xilinx by 42.8% in the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock worth $30,000 after purchasing an additional 107 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in Xilinx by 2,925.0% in the 4th quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock worth $41,000 after purchasing an additional 468 shares during the period. Institutional investors and hedge funds own 88.27% of the company’s stock.
XLNX has been the subject of several analyst reports. SunTrust Banks raised their target price on Xilinx to $102.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. BMO Capital Markets downgraded Xilinx from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $100.00 to $125.00 in a research note on Monday, March 4th. Deutsche Bank raised their target price on Xilinx from $90.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Bank of America reaffirmed a “buy” rating and issued a $143.00 price target on shares of Xilinx in a report on Friday, May 3rd. Finally, Cowen reaffirmed a “market perform” rating and issued a $105.00 price target (up previously from $81.00) on shares of Xilinx in a report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $115.52.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.02). The business had revenue of $828.36 million during the quarter, compared to analysts’ expectations of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. As a group, research analysts expect that Xilinx, Inc. will post 3.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, May 15th. Xilinx’s dividend payout ratio (DPR) is currently 42.53%.
In related news, SVP Mark Wadlington sold 2,241 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.10, for a total transaction of $298,277.10. Following the transaction, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “New York State Teachers Retirement System Has $52.03 Million Holdings in Xilinx, Inc. (XLNX)” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4344436/new-york-state-teachers-retirement-system-has-52-03-million-holdings-in-xilinx-inc-xlnx.html.
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.
Featured Story: Fundamental Analysis and Choosing 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.