Twin Capital Management Inc. Reduces Position in Xilinx, Inc. (XLNX)
Twin Capital Management Inc. decreased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 61.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,820 shares of the programmable devices maker’s stock after selling 25,734 shares during the period. Twin Capital Management Inc.’s holdings in Xilinx were worth $1,018,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of XLNX. Central Bank & Trust Co. raised its stake in shares of Xilinx by 12.9% in the first quarter. Central Bank & Trust Co. now owns 6,540 shares of the programmable devices maker’s stock worth $379,000 after buying an additional 748 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Xilinx by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 55,954 shares of the programmable devices maker’s stock worth $3,239,000 after buying an additional 800 shares during the period. Parsons Capital Management Inc. RI bought a new stake in shares of Xilinx during the first quarter worth about $271,000. Wetherby Asset Management Inc. raised its stake in shares of Xilinx by 5.2% in the first quarter. Wetherby Asset Management Inc. now owns 4,169 shares of the programmable devices maker’s stock worth $242,000 after buying an additional 205 shares during the period. Finally, Reynders McVeigh Capital Management LLC raised its stake in shares of Xilinx by 38.6% in the first quarter. Reynders McVeigh Capital Management LLC now owns 56,814 shares of the programmable devices maker’s stock worth $3,289,000 after buying an additional 15,810 shares during the period. 92.39% of the stock is owned by institutional investors.
Xilinx, Inc. (XLNX) opened at 64.75 on Friday. Xilinx, Inc. has a one year low of $48.75 and a one year high of $68.68. The company has a market cap of $16.10 billion, a P/E ratio of 27.67 and a beta of 1.09. The company has a 50-day moving average of $64.09 and a 200 day moving average of $62.28.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Equities research analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.
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A number of brokerages have issued reports on XLNX. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Vetr lowered shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price for the company. in a research note on Monday, June 26th. Wells Fargo & Company lowered shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a research note on Tuesday, May 23rd. Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Finally, Pacific Crest reissued an “overweight” rating and set a $70.00 target price on shares of Xilinx in a research note on Friday, May 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $64.57.
In other Xilinx news, CFO Lorenzo Flores sold 9,600 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $66.69, for a total transaction of $640,224.00. Following the sale, the chief financial officer now directly owns 19,058 shares of the company’s stock, valued at $1,270,978.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the sale, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The disclosure for this sale can be found here. Insiders sold a total of 37,531 shares of company stock worth $2,395,798 over the last three months. 0.40% of the stock is owned by insiders.
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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