Sumitomo Mitsui Asset Management Company LTD lowered its stake in Xilinx, Inc. (NASDAQ:XLNX) by 63.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,441 shares of the programmable devices maker’s stock after selling 254,832 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Xilinx were worth $18,947,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shamrock Asset Management LLC bought a new position in shares of Xilinx in the first quarter valued at $25,000. CWM LLC raised its stake in Xilinx by 225.0% during the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after purchasing an additional 153 shares during the period. Lindbrook Capital LLC acquired a new stake in Xilinx during the 4th quarter valued at $25,000. Ropes Wealth Advisors LLC raised its stake in Xilinx by 42.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after purchasing an additional 107 shares during the period. Finally, TCI Wealth Advisors Inc. raised its stake in Xilinx by 206.8% during the 1st quarter. TCI Wealth Advisors Inc. now owns 359 shares of the programmable devices maker’s stock valued at $46,000 after purchasing an additional 242 shares during the period. 88.27% of the stock is currently owned by institutional investors.
XLNX has been the topic of several recent analyst reports. SunTrust Banks boosted their target price on shares of Xilinx to $102.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. BMO Capital Markets downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $100.00 to $125.00 in a research note on Monday, March 4th. Deutsche Bank boosted their target price on shares of Xilinx from $90.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Bank of America reissued a “buy” rating and set a $143.00 target price on shares of Xilinx in a research note on Friday, May 3rd. Finally, Cowen reissued a “market perform” rating and set a $105.00 target price (up from $81.00) on shares of Xilinx in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $115.52.
Shares of Xilinx stock traded up $1.89 on Wednesday, hitting $115.07. 137,472 shares of the company traded hands, compared to its average volume of 5,430,009. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. Xilinx, Inc. has a 12-month low of $64.15 and a 12-month high of $141.60. The stock has a market cap of $28.86 billion, a P/E ratio of 33.13, a P/E/G ratio of 2.38 and a beta of 1.12.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The company had revenue of $828.36 million for the quarter, compared to analysts’ expectations of $826.51 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. On average, equities research analysts expect that Xilinx, Inc. will post 3.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.37 per share. This is a boost from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, May 15th. Xilinx’s payout ratio is currently 41.38%.
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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.
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