ING Groep NV Acquires New Position in Xilinx (XLNX)

ING Groep NV acquired a new position in Xilinx (NASDAQ:XLNX) in the first quarter, HoldingsChannel reports. The fund acquired 59,263 shares of the programmable devices maker’s stock, valued at approximately $4,281,000.

A number of other large investors have also added to or reduced their stakes in the stock. Penserra Capital Management LLC lifted its stake in Xilinx by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,760 shares of the programmable devices maker’s stock worth $320,000 after acquiring an additional 748 shares during the period. Engineers Gate Manager LP lifted its position in shares of Xilinx by 1.4% during the first quarter. Engineers Gate Manager LP now owns 60,704 shares of the programmable devices maker’s stock valued at $4,385,000 after buying an additional 842 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Xilinx by 3.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 23,945 shares of the programmable devices maker’s stock valued at $1,614,000 after buying an additional 900 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Xilinx by 8.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 11,913 shares of the programmable devices maker’s stock valued at $803,000 after buying an additional 947 shares during the last quarter. Finally, Page Arthur B lifted its position in shares of Xilinx by 2.9% during the fourth quarter. Page Arthur B now owns 34,039 shares of the programmable devices maker’s stock valued at $2,295,000 after buying an additional 949 shares during the last quarter. 91.47% of the stock is owned by institutional investors.

Several research firms have commented on XLNX. Nomura raised shares of Xilinx from a “reduce” rating to a “neutral” rating and increased their price target for the company from $60.00 to $70.00 in a research report on Wednesday, May 9th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, April 30th. Macquarie decreased their price objective on shares of Xilinx from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, April 26th. JPMorgan Chase increased their price objective on shares of Xilinx from $68.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, April 26th. Finally, SunTrust Banks decreased their price objective on shares of Xilinx to $72.00 and set a “hold” rating for the company in a research report on Thursday, April 26th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $73.05.



Shares of Xilinx opened at $69.20 on Monday, according to MarketBeat.com. The company has a market cap of $17.63 billion, a PE ratio of 24.63, a PEG ratio of 2.52 and a beta of 1.11. Xilinx has a 12 month low of $60.12 and a 12 month high of $78.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.17 and a current ratio of 4.42.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 25th. The programmable devices maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $673.00 million for the quarter, compared to analysts’ expectations of $650.29 million. Xilinx had a net margin of 20.18% and a return on equity of 29.98%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. analysts forecast that Xilinx will post 2.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Tuesday, May 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.08%. This is a boost from Xilinx’s previous quarterly dividend of $0.35.

About Xilinx

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; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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