Scout Investments Inc. Grows Position in Xilinx, Inc. (XLNX)
Scout Investments Inc. increased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 286.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 518,956 shares of the programmable devices maker’s stock after buying an additional 384,768 shares during the quarter. Xilinx accounts for about 1.1% of Scout Investments Inc.’s holdings, making the stock its 21st biggest position. Scout Investments Inc.’s holdings in Xilinx were worth $44,199,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in XLNX. Dimensional Fund Advisors LP grew its stake in Xilinx by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 948,710 shares of the programmable devices maker’s stock worth $61,913,000 after buying an additional 34,951 shares during the last quarter. Stephens Inc. AR grew its stake in Xilinx by 105.6% during the 2nd quarter. Stephens Inc. AR now owns 2,992 shares of the programmable devices maker’s stock worth $195,000 after buying an additional 1,537 shares during the last quarter. OppenheimerFunds Inc. grew its stake in Xilinx by 0.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 584,823 shares of the programmable devices maker’s stock worth $38,166,000 after buying an additional 3,471 shares during the last quarter. Laurion Capital Management LP grew its stake in Xilinx by 97.5% during the 2nd quarter. Laurion Capital Management LP now owns 7,659 shares of the programmable devices maker’s stock worth $500,000 after buying an additional 3,781 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its stake in Xilinx by 21.8% during the 2nd quarter. AMP Capital Investors Ltd now owns 125,021 shares of the programmable devices maker’s stock worth $8,159,000 after buying an additional 22,374 shares during the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.
Several research analysts have weighed in on XLNX shares. William Blair started coverage on Xilinx in a research note on Friday, October 26th. They issued a “market perform” rating on the stock. Morgan Stanley lifted their target price on Xilinx from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, December 19th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. KeyCorp lifted their target price on Xilinx from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, December 3rd. Finally, Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Xilinx has a consensus rating of “Buy” and a consensus price target of $84.91.
Shares of XLNX traded up $0.55 during mid-day trading on Friday, hitting $90.92. The company’s stock had a trading volume of 2,667,300 shares, compared to its average volume of 2,733,512. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.26 and a quick ratio of 4.00. The stock has a market capitalization of $22.48 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.85 and a beta of 0.90. Xilinx, Inc. has a 1-year low of $62.27 and a 1-year high of $95.18.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million during the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. Research analysts anticipate that Xilinx, Inc. will post 3.29 EPS for the current year.
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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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