Stone Ridge Asset Management LLC Raises Stake in Xilinx, Inc. (NASDAQ:XLNX)

Stone Ridge Asset Management LLC boosted its position in Xilinx, Inc. (NASDAQ:XLNX) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,725 shares of the programmable devices maker’s stock after buying an additional 3,500 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Xilinx were worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Xilinx by 12.2% in the first quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock worth $2,680,020,000 after buying an additional 2,294,950 shares in the last quarter. FMR LLC boosted its stake in shares of Xilinx by 67.6% during the first quarter. FMR LLC now owns 7,672,404 shares of the programmable devices maker’s stock valued at $972,785,000 after purchasing an additional 3,093,316 shares during the period. Geode Capital Management LLC boosted its stake in shares of Xilinx by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock valued at $330,672,000 after purchasing an additional 453,619 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Xilinx by 24.5% during the second quarter. Janus Henderson Group PLC now owns 3,487,605 shares of the programmable devices maker’s stock valued at $411,258,000 after purchasing an additional 686,461 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Xilinx by 22.3% during the first quarter. Nordea Investment Management AB now owns 1,526,367 shares of the programmable devices maker’s stock valued at $193,527,000 after purchasing an additional 278,192 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

XLNX stock traded down $3.46 on Friday, reaching $100.97. The company’s stock had a trading volume of 3,453,835 shares, compared to its average volume of 3,652,628. The business has a fifty day simple moving average of $114.16 and a two-hundred day simple moving average of $117.33. Xilinx, Inc. has a 12-month low of $68.76 and a 12-month high of $141.60. The firm has a market cap of $26.80 billion, a PE ratio of 29.01, a PEG ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The company had revenue of $849.60 million during the quarter, compared to analyst estimates of $849.76 million. During the same quarter last year, the firm posted $0.74 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. As a group, research analysts anticipate that Xilinx, Inc. will post 3.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 7th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.48 dividend on an annualized basis and a yield of 1.47%. Xilinx’s dividend payout ratio (DPR) is 42.53%.

A number of research firms have recently weighed in on XLNX. Benchmark began coverage on Xilinx in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. Barclays dropped their price objective on Xilinx from $130.00 to $105.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Robert W. Baird set a $128.00 price objective on Xilinx and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research raised Xilinx from a “sell” rating to a “hold” rating and set a $130.00 price objective for the company in a research note on Saturday, July 27th. Finally, ValuEngine lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $119.52.

In other Xilinx news, Director Marshall C. Turner sold 3,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $107.82, for a total value of $323,460.00. Following the completion of the transaction, the director now owns 44,690 shares in the company, valued at $4,818,475.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the vice president now owns 16,674 shares of the company’s stock, valued at approximately $2,000,880. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,386 shares of company stock valued at $2,348,952. 0.19% of the stock is owned by corporate insiders.

About Xilinx

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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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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