Beck Bode LLC boosted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 47.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,877 shares of the programmable devices maker’s stock after acquiring an additional 11,508 shares during the quarter. Xilinx accounts for about 1.5% of Beck Bode LLC’s investment portfolio, making the stock its 26th biggest position. Beck Bode LLC’s holdings in Xilinx were worth $3,441,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Man Group plc boosted its holdings in shares of Xilinx by 21.8% in the 3rd quarter. Man Group plc now owns 498,439 shares of the programmable devices maker’s stock worth $47,801,000 after acquiring an additional 89,048 shares in the last quarter. Voloridge Investment Management LLC increased its position in Xilinx by 546.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 215,459 shares of the programmable devices maker’s stock valued at $20,663,000 after acquiring an additional 182,132 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Xilinx in the 3rd quarter valued at about $10,758,000. National Pension Service raised its stake in shares of Xilinx by 5.1% in the third quarter. National Pension Service now owns 376,754 shares of the programmable devices maker’s stock worth $36,131,000 after acquiring an additional 18,161 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Xilinx by 16.9% in the third quarter. Integrated Wealth Concepts LLC now owns 3,293 shares of the programmable devices maker’s stock worth $316,000 after acquiring an additional 477 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. BidaskClub downgraded Xilinx from a “sell” rating to a “strong sell” rating in a report on Saturday, November 2nd. Bank of America cut Xilinx from a “buy” rating to a “neutral” rating in a report on Friday, September 20th. SunTrust Banks decreased their price objective on Xilinx to $94.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Mizuho reiterated a “buy” rating and issued a $115.00 price objective (down from $125.00) on shares of Xilinx in a research report on Sunday, November 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Xilinx in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $115.95.
Xilinx stock traded down $2.18 during midday trading on Tuesday, reaching $88.09. The stock had a trading volume of 129,052 shares, compared to its average volume of 2,542,062. The stock has a market capitalization of $22.11 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. The firm’s fifty day simple moving average is $93.60 and its 200-day simple moving average is $104.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 5.78 and a current ratio of 6.44. Xilinx, Inc. has a 1-year low of $79.22 and a 1-year high of $141.60.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Xilinx had a return on equity of 35.84% and a net margin of 28.76%. The firm had revenue of $833.00 million during the quarter, compared to the consensus estimate of $823.63 million. During the same quarter in the prior year, the firm posted $0.84 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Xilinx, Inc. will post 3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, November 8th. This represents a $1.48 annualized dividend and a yield of 1.68%. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.
Xilinx declared that its board has authorized a stock repurchase program on Wednesday, October 23rd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the programmable devices maker to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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