South Dakota Investment Council cut its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 21.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,400 shares of the programmable devices maker’s stock after selling 4,300 shares during the period. South Dakota Investment Council’s holdings in Xilinx were worth $1,953,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in Xilinx by 12,987.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,595,886 shares of the programmable devices maker’s stock valued at $89,000 after buying an additional 7,537,845 shares during the last quarter. FMR LLC raised its holdings in shares of Xilinx by 629.8% in the fourth quarter. FMR LLC now owns 4,579,088 shares of the programmable devices maker’s stock worth $390,001,000 after buying an additional 3,951,683 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Xilinx by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,425,463 shares of the programmable devices maker’s stock worth $376,918,000 after buying an additional 116,032 shares during the period. Geode Capital Management LLC raised its holdings in shares of Xilinx by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock worth $330,672,000 after buying an additional 453,619 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Xilinx by 2.2% in the third quarter. Morgan Stanley now owns 3,687,383 shares of the programmable devices maker’s stock worth $295,618,000 after buying an additional 79,444 shares during the period. 87.94% of the stock is owned by institutional investors.
In other Xilinx news, SVP Mark Wadlington sold 2,241 shares of Xilinx stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the sale, the senior vice president now owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.02). Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The business had revenue of $828.36 million during the quarter, compared to analyst estimates of $826.51 million. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities research analysts anticipate that Xilinx, Inc. will post 3.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. This is a boost from Xilinx’s previous quarterly dividend of $0.36. Xilinx’s payout ratio is currently 41.38%.
Several research analysts have commented on XLNX shares. Mizuho upgraded Xilinx from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Thursday, January 17th. Jefferies Financial Group lifted their price target on Xilinx to $105.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Xilinx in a report on Thursday, January 24th. Argus lifted their price target on Xilinx to $130.00 and gave the company a “buy” rating in a report on Friday, January 25th. Finally, Goldman Sachs Group downgraded Xilinx from a “conviction-buy” rating to a “buy” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $115.96.
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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