Parsons Capital Management Inc. RI cut its stake in shares of Xilinx (NASDAQ:XLNX) by 21.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,800 shares of the programmable devices maker’s stock after selling 4,750 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Xilinx were worth $1,286,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Massey Quick Simon & CO. LLC raised its holdings in Xilinx by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,944 shares of the programmable devices maker’s stock worth $140,000 after buying an additional 972 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Xilinx by 2.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 75,144 shares of the programmable devices maker’s stock worth $5,428,000 after buying an additional 1,844 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Xilinx by 16.9% during the first quarter. Victory Capital Management Inc. now owns 37,185 shares of the programmable devices maker’s stock worth $2,686,000 after buying an additional 5,368 shares during the last quarter. Zions Bancorporation acquired a new position in Xilinx during the first quarter worth $279,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Xilinx by 0.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,375 shares of the programmable devices maker’s stock worth $15,053,000 after buying an additional 1,283 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.
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Xilinx opened at $69.72 on Friday, according to MarketBeat Ratings. The company has a current ratio of 4.42, a quick ratio of 4.17 and a debt-to-equity ratio of 0.52. The stock has a market cap of $17.44 billion, a PE ratio of 24.35, a P/E/G ratio of 2.49 and a beta of 1.11.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Xilinx had a net margin of 20.18% and a return on equity of 29.98%. The business had revenue of $673.00 million during the quarter, compared to the consensus estimate of $650.29 million. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. analysts forecast that Xilinx will post 2.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Tuesday, May 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, May 14th. This is an increase from Xilinx’s previous quarterly dividend of $0.35.
Several research analysts have weighed in on XLNX shares. JPMorgan Chase downgraded shares of Xilinx from a “neutral” rating to an “underweight” rating and set a $73.00 price objective on the stock. in a report on Friday, April 6th. SunTrust Banks upped their price objective on shares of Xilinx to $79.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Barclays restated a “hold” rating and set a $70.00 price objective on shares of Xilinx in a report on Friday, January 19th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Saturday, April 7th. Finally, Credit Suisse Group upped their price objective on shares of Xilinx from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.05.
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; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).
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