Xilinx, Inc. (NASDAQ:XLNX) Shares Purchased by United Capital Financial Advisers LLC
United Capital Financial Advisers LLC lifted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 13.0% during the second quarter, Holdings Channel reports. The fund owned 213,237 shares of the programmable devices maker’s stock after buying an additional 24,533 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Xilinx were worth $25,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. purchased a new position in Xilinx during the first quarter valued at $25,000. Krane Funds Advisors LLC acquired a new position in Xilinx in the 2nd quarter valued at $29,000. Citizens Financial Group Inc RI increased its stake in Xilinx by 114.2% in the 2nd quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock valued at $30,000 after buying an additional 137 shares during the period. Lenox Wealth Advisors LLC acquired a new position in Xilinx in the 2nd quarter valued at $33,000. Finally, FinTrust Capital Advisors LLC increased its stake in Xilinx by 168.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 276 shares of the programmable devices maker’s stock valued at $33,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 85.06% of the company’s stock.
Several equities analysts have issued reports on XLNX shares. Barclays dropped their price objective on shares of Xilinx from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday. ValuEngine lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. KeyCorp restated an “overweight” rating and set a $130.00 target price (down from $140.00) on shares of Xilinx in a research report on Monday, August 26th. Benchmark assumed coverage on shares of Xilinx in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a research report on Saturday, July 27th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $118.81.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The business had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, analysts expect that Xilinx, Inc. will post 3.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th were given a $0.37 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Xilinx’s dividend payout ratio is presently 42.53%.
In other Xilinx news, EVP William Christopher Madden sold 3,087 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $115.97, for a total value of $357,999.39. Following the transaction, the executive vice president now directly owns 19,520 shares in the company, valued at approximately $2,263,734.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Vincent Tong sold 8,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $105.00, for a total transaction of $840,000.00. Following the completion of the transaction, the executive vice president now owns 36,775 shares in the company, valued at $3,861,375. The disclosure for this sale can be found here. Insiders sold a total of 32,531 shares of company stock worth $3,591,480 over the last quarter. Insiders own 0.19% of the company’s stock.
Xilinx Company Profile
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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