The Manufacturers Life Insurance Company lessened its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,984 shares of the programmable devices maker’s stock after selling 12,185 shares during the period. The Manufacturers Life Insurance Company’s holdings in Xilinx were worth $27,831,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Blue Square Asset Management LLC bought a new position in Xilinx in the second quarter valued at about $26,000. NEXT Financial Group Inc bought a new position in Xilinx in the third quarter valued at about $27,000. Newfound Research LLC bought a new position in Xilinx in the third quarter valued at about $34,000. Prestige Wealth Management Group LLC grew its position in Xilinx by 34.5% in the third quarter. Prestige Wealth Management Group LLC now owns 355 shares of the programmable devices maker’s stock valued at $37,000 after acquiring an additional 91 shares during the last quarter. Finally, CWM LLC grew its position in Xilinx by 57.9% in the second quarter. CWM LLC now owns 382 shares of the programmable devices maker’s stock valued at $38,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 84.50% of the company’s stock.
Shares of XLNX opened at $132.38 on Friday. Xilinx, Inc. has a 52-week low of $67.68 and a 52-week high of $136.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.22 and a current ratio of 3.50. The business’s 50 day moving average price is $119.63 and its two-hundred day moving average price is $103.18. The firm has a market cap of $32.44 billion, a PE ratio of 51.71, a price-to-earnings-growth ratio of 4.45 and a beta of 0.96.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, November 9th. Xilinx’s payout ratio is 45.37%.
XLNX has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their target price on Xilinx from $90.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. 140166 restated a “neutral” rating and set a $140.00 price target on shares of Xilinx in a report on Tuesday, October 27th. Robert W. Baird cut Xilinx from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Monday, October 12th. Cowen boosted their price target on Xilinx from $95.00 to $108.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Finally, BidaskClub cut Xilinx from a “sell” rating to a “strong sell” rating in a report on Thursday, August 20th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $111.14.
Xilinx Company Profile
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. The company offers 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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