NuWave Investment Management LLC raised its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 11,616.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,218 shares of the programmable devices maker’s stock after acquiring an additional 4,182 shares during the period. NuWave Investment Management LLC’s holdings in Xilinx were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Capital International Investors bought a new stake in Xilinx in the third quarter valued at approximately $621,654,000. Winslow Capital Management LLC increased its stake in shares of Xilinx by 759,502.2% during the third quarter. Winslow Capital Management LLC now owns 3,790,415 shares of the programmable devices maker’s stock worth $303,878,000 after purchasing an additional 3,789,916 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Xilinx by 115.8% during the third quarter. Bank of New York Mellon Corp now owns 4,309,431 shares of the programmable devices maker’s stock worth $345,488,000 after purchasing an additional 2,312,358 shares during the period. Artemis Investment Management LLP increased its stake in shares of Xilinx by 673.9% during the third quarter. Artemis Investment Management LLP now owns 893,495 shares of the programmable devices maker’s stock worth $71,636,000 after purchasing an additional 778,048 shares during the period. Finally, Congress Asset Management Co. MA bought a new position in shares of Xilinx during the third quarter worth approximately $60,698,000. 91.27% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the company. ValuEngine upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Goldman Sachs Group lowered Xilinx from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective on the stock in a research note on Saturday, January 26th. Argus raised their target price on Xilinx to $130.00 and gave the company a “buy” rating in a report on Friday, January 25th. Finally, MKM Partners raised their target price on Xilinx to $95.00 and gave the company a “neutral” rating in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Xilinx currently has a consensus rating of “Buy” and a consensus price target of $96.17.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $800.00 million during the quarter, compared to analyst estimates of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Analysts expect that Xilinx, Inc. will post 3.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Wednesday, February 6th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 5th. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. Xilinx’s dividend payout ratio (DPR) is currently 50.88%.
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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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