Mackay Shields LLC lifted its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 3.9% during the third quarter, Holdings Channel reports. The firm owned 44,473 shares of the programmable devices maker’s stock after buying an additional 1,682 shares during the period. Mackay Shields LLC’s holdings in Xilinx were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.
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Other institutional investors also recently made changes to their positions in the company. Baker Ellis Asset Management LLC acquired a new stake in Xilinx in the 2nd quarter valued at approximately $136,000. Navellier & Associates Inc increased its position in Xilinx by 85.0% in the 2nd quarter. Navellier & Associates Inc now owns 50,592 shares of the programmable devices maker’s stock valued at $5,966,000 after acquiring an additional 23,248 shares during the period. ETRADE Capital Management LLC increased its position in Xilinx by 173.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 11,782 shares of the programmable devices maker’s stock valued at $1,389,000 after acquiring an additional 7,475 shares during the period. Cavalier Investments LLC increased its position in Xilinx by 166.1% in the 2nd quarter. Cavalier Investments LLC now owns 14,900 shares of the programmable devices maker’s stock valued at $1,757,000 after acquiring an additional 9,300 shares during the period. Finally, AMP Capital Investors Ltd increased its position in Xilinx by 41.2% in the 2nd quarter. AMP Capital Investors Ltd now owns 230,522 shares of the programmable devices maker’s stock valued at $27,243,000 after acquiring an additional 67,236 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.
In related news, Director Marshall C. Turner sold 3,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $107.82, for a total transaction of $323,460.00. Following the completion of the sale, the director now directly owns 44,690 shares in the company, valued at $4,818,475.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Emre Onder sold 1,337 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total value of $129,408.23. Following the sale, the senior vice president now owns 4,340 shares of the company’s stock, valued at $420,068.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,226 shares of company stock valued at $2,270,378. 0.19% of the stock is owned by corporate insiders.
NASDAQ XLNX traded down $0.55 on Friday, reaching $95.50. 2,469,300 shares of the stock traded hands, compared to its average volume of 3,768,574. The company has a quick ratio of 5.78, a current ratio of 6.44 and a debt-to-equity ratio of 0.46. Xilinx, Inc. has a 12 month low of $79.22 and a 12 month high of $141.60. The firm’s fifty day simple moving average is $94.61 and its 200 day simple moving average is $107.23. The company has a market cap of $23.99 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.37 and a beta of 1.24.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Xilinx had a return on equity of 35.84% and a net margin of 28.76%. The business had revenue of $833.00 million during the quarter, compared to analyst estimates of $823.63 million. During the same period last year, the company earned $0.84 earnings per share. Xilinx’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Xilinx, Inc. will post 3.35 EPS for the current fiscal year.
Xilinx declared that its board has authorized a stock buyback plan on Wednesday, October 23rd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the programmable devices maker to repurchase up to 4.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, November 8th. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. Xilinx’s dividend payout ratio is 42.53%.
Several research firms recently commented on XLNX. KeyCorp restated an “overweight” rating and issued a $130.00 target price (down from $140.00) on shares of Xilinx in a research report on Monday, August 26th. Barclays lowered their target price on Xilinx from $100.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Benchmark began coverage on Xilinx in a research report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “buy” rating and issued a $165.00 target price on shares of Xilinx in a research report on Tuesday, October 1st. 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 research note on Saturday, July 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $113.26.
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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