Pendal Group Ltd Increases Stake in Xilinx, Inc. (NASDAQ:XLNX)
Pendal Group Ltd raised its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 45.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,197 shares of the programmable devices maker’s stock after buying an additional 31,151 shares during the period. Pendal Group Ltd’s holdings in Xilinx were worth $11,677,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Xilinx by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,002,227 shares of the programmable devices maker’s stock valued at $85,360,000 after purchasing an additional 28,286 shares during the period. Geode Capital Management LLC lifted its position in 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. Mercer Global Advisors Inc. ADV bought a new position in Xilinx during the first quarter valued at approximately $375,000. Louisiana State Employees Retirement System lifted its position in Xilinx by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the programmable devices maker’s stock valued at $1,699,000 after purchasing an additional 100 shares during the period. Finally, Raymond James Trust N.A. bought a new position in Xilinx during the first quarter valued at approximately $447,000. 85.81% of the stock is owned by institutional investors and hedge funds.
XLNX stock traded up $2.92 during midday trading on Tuesday, reaching $106.10. 2,704,669 shares of the company’s stock traded hands, compared to its average volume of 3,700,159. Xilinx, Inc. has a 52-week low of $68.76 and a 52-week high of $141.60. The company has a market cap of $25.95 billion, a PE ratio of 30.49, a P/E/G ratio of 2.30 and a beta of 1.23. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average is $116.66.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 7th will be paid a $0.37 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.
A number of brokerages recently weighed in on XLNX. Needham & Company LLC downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Goldman Sachs Group downgraded shares of Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research report on Thursday, April 25th. Morgan Stanley increased their price objective on shares of Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank lowered their price objective on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Finally, Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 price objective on the stock in a research report on Saturday, July 27th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Xilinx has a consensus rating of “Hold” and an average price target of $119.52.
In other news, SVP Emre Onder sold 344 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $104.92, for a total value of $36,092.48. Following the completion of the sale, the senior vice president now directly owns 1,419 shares of the company’s stock, valued at $148,881.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William Christopher Madden sold 435 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $105.69, for a total transaction of $45,975.15. Following the completion of the sale, the executive vice president now directly owns 4,809 shares of the company’s stock, valued at $508,263.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,821 shares of company stock valued at $2,377,587. Corporate insiders own 0.19% of the company’s stock.
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.
Further Reading: What is the Ex-Dividend Date in Investing?
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