Earnest Partners LLC Increases Holdings in Xilinx, Inc. (NASDAQ:XLNX)

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Earnest Partners LLC boosted its stake in Xilinx, Inc. (NASDAQ:XLNX) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 813,020 shares of the programmable devices maker’s stock after purchasing an additional 10,812 shares during the period. Earnest Partners LLC owned about 0.32% of Xilinx worth $95,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in XLNX. Dimensional Fund Advisors LP increased its stake in Xilinx by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,002,227 shares of the programmable devices maker’s stock worth $85,360,000 after purchasing an additional 28,286 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 worth $330,672,000 after purchasing an additional 453,619 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Xilinx by 5.0% in the first quarter. Stephens Inc. AR now owns 5,498 shares of the programmable devices maker’s stock worth $697,000 after purchasing an additional 261 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Xilinx by 88.4% in the first quarter. First Allied Advisory Services Inc. now owns 4,570 shares of the programmable devices maker’s stock worth $588,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Xilinx in the first quarter worth $256,000. 85.06% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. KeyCorp reiterated an “overweight” rating and set a $130.00 price objective (down previously from $140.00) on shares of Xilinx in a research report on Monday, August 26th. Morgan Stanley upped their price objective on Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. BidaskClub cut Xilinx from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. ValuEngine lowered Xilinx from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research raised Xilinx from a “sell” rating to a “hold” rating and set a $130.00 price target for the company in a report on Saturday, July 27th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $118.81.

Shares of Xilinx stock opened at $106.48 on Friday. The firm has a market capitalization of $26.65 billion, a PE ratio of 30.60, a P/E/G ratio of 2.36 and a beta of 1.27. Xilinx, Inc. has a twelve month low of $68.76 and a twelve month high of $141.60. The firm’s 50-day moving average price is $107.85 and its 200 day moving average price is $116.10. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. Xilinx’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. On average, sell-side analysts predict that Xilinx, Inc. will post 3.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, August 6th. Xilinx’s dividend payout ratio is presently 42.53%.

In other news, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the sale, the vice president now owns 16,674 shares in the company, valued at approximately $2,000,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Christopher Madden sold 3,087 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $115.97, for a total transaction of $357,999.39. Following the sale, the executive vice president now owns 19,520 shares of the company’s stock, valued at approximately $2,263,734.40. The disclosure for this sale can be found here. Insiders sold a total of 32,531 shares of company stock worth $3,591,480 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Xilinx Company Profile

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.

Further Reading: Why do analysts give a neutral rating?

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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