DekaBank Deutsche Girozentrale increased its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 45.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,801 shares of the programmable devices maker’s stock after buying an additional 157,385 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Xilinx were worth $59,377,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Xilinx by 12.2% during the first quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock worth $2,680,020,000 after buying an additional 2,294,950 shares during the last quarter. FMR LLC increased its stake in Xilinx by 67.6% in the first quarter. FMR LLC now owns 7,672,404 shares of the programmable devices maker’s stock valued at $972,785,000 after purchasing an additional 3,093,316 shares in the last quarter. Geode Capital Management LLC increased its stake in Xilinx by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock valued at $330,672,000 after purchasing an additional 453,619 shares in the last quarter. Janus Henderson Group PLC increased its stake in Xilinx by 24.5% in the second quarter. Janus Henderson Group PLC now owns 3,487,605 shares of the programmable devices maker’s stock valued at $411,258,000 after purchasing an additional 686,461 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Xilinx by 22.3% in the first quarter. Nordea Investment Management AB now owns 1,526,367 shares of the programmable devices maker’s stock valued at $193,527,000 after purchasing an additional 278,192 shares in the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on XLNX. Robert W. Baird set a $128.00 price target on shares of Xilinx and gave the company a “buy” rating in a report on Friday, July 26th. SunTrust Banks upped their price target on shares of Xilinx to $126.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Mizuho upped their price target on shares of Xilinx from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, July 25th. MKM Partners upped their price target on shares of Xilinx to $120.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group increased their target price on shares of Xilinx from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $119.52.
NASDAQ XLNX opened at $106.43 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.22 and a quick ratio of 6.54. The stock’s fifty day moving average price is $116.52. Xilinx, Inc. has a 1 year low of $68.76 and a 1 year high of $141.60. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 2.30 and a beta of 1.23.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The firm had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, sell-side analysts expect that Xilinx, Inc. will post 3.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, August 6th. Xilinx’s dividend payout ratio (DPR) is currently 42.53%.
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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