The Manufacturers Life Insurance Company decreased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 4.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 255,970 shares of the programmable devices maker‚Äôs stock after selling 13,010 shares during the period. The Manufacturers Life Insurance Company‚Äôs holdings in Xilinx were worth $20,521,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of XLNX. Capital International Investors purchased a new position in shares of Xilinx during the 3rd quarter worth approximately $621,654,000. Winslow Capital Management LLC grew its holdings in shares of Xilinx by 759,502.2% during the 3rd quarter. Winslow Capital Management LLC now owns 3,790,415 shares of the programmable devices maker‚Äôs stock worth $303,878,000 after acquiring an additional 3,789,916 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Xilinx by 115.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,309,431 shares of the programmable devices maker‚Äôs stock worth $345,488,000 after acquiring an additional 2,312,358 shares during the period. Millennium Management LLC purchased a new position in shares of Xilinx during the 2nd quarter worth approximately $90,808,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Xilinx by 2,863.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,360,005 shares of the programmable devices maker‚Äôs stock worth $88,754,000 after acquiring an additional 1,314,105 shares during the period. Hedge funds and other institutional investors own 88.08% of the company‚Äôs stock.
A number of analysts have recently commented on XLNX shares. KeyCorp boosted their price target on Xilinx from $90.00 to $100.00 in a research report on Sunday, December 9th. BidaskClub raised Xilinx from a ‚Äúhold‚ÄĚ rating to a ‚Äúbuy‚ÄĚ rating in a research report on Tuesday, October 16th. Needham & Company LLC started coverage on Xilinx in a research report on Thursday, September 27th. They issued a ‚Äúbuy‚ÄĚ rating and a $100.00 price target on the stock. Zacks Investment Research raised Xilinx from a ‚Äúhold‚ÄĚ rating to a ‚Äúbuy‚ÄĚ rating and set a $77.00 price target on the stock in a research report on Friday, October 26th. Finally, Bank of America boosted their price target on Xilinx from $95.00 to $110.00 and gave the stock a ‚Äúbuy‚ÄĚ rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Xilinx has a consensus rating of ‚ÄúBuy‚ÄĚ and an average target price of $83.77.
XLNX stock opened at $81.51 on Friday. The company has a market capitalization of $21.12 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.67 and a beta of 0.89. Xilinx, Inc. has a 12-month low of $62.27 and a 12-month high of $95.18. The company has a current ratio of 4.26, a quick ratio of 4.00 and a debt-to-equity ratio of 0.49.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million for the quarter, compared to analysts‚Äô expectations of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. As a group, analysts forecast that Xilinx, Inc. will post 3.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $1.44 annualized dividend and a yield of 1.77%. Xilinx‚Äôs dividend payout ratio (DPR) is presently 50.88%.
In related news, insider Vincent Tong sold 40,000 shares of the company‚Äôs stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the transaction, the insider now directly owns 30,223 shares of the company‚Äôs stock, valued at approximately $2,550,216.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company‚Äôs 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.
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