BB&T Securities LLC increased its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 79.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,255 shares of the programmable devices maker’s stock after acquiring an additional 2,777 shares during the quarter. BB&T Securities LLC’s holdings in Xilinx were worth $606,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Xilinx by 3.2% in the second quarter. Vanguard Group Inc. now owns 30,583,554 shares of the programmable devices maker’s stock worth $3,606,413,000 after purchasing an additional 952,468 shares in the last quarter. BlackRock Inc. raised its holdings in Xilinx by 9.1% in the second quarter. BlackRock Inc. now owns 23,066,691 shares of the programmable devices maker’s stock worth $2,720,026,000 after purchasing an additional 1,929,227 shares in the last quarter. Invesco Ltd. raised its holdings in Xilinx by 15.7% in the second quarter. Invesco Ltd. now owns 4,196,121 shares of the programmable devices maker’s stock worth $494,807,000 after purchasing an additional 570,931 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Xilinx by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 3,991,095 shares of the programmable devices maker’s stock worth $470,630,000 after purchasing an additional 63,427 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Xilinx by 24.5% in the second quarter. Janus Henderson Group PLC now owns 3,487,605 shares of the programmable devices maker’s stock worth $411,258,000 after purchasing an additional 686,461 shares in the last quarter. 84.17% of the stock is owned by institutional investors.
NASDAQ:XLNX traded up $1.52 during midday trading on Wednesday, hitting $90.17. The company’s stock had a trading volume of 2,720,832 shares, compared to its average volume of 3,686,488. Xilinx, Inc. has a fifty-two week low of $79.22 and a fifty-two week high of $141.60. The firm’s 50 day moving average is $93.34 and its 200-day moving average is $103.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.44 and a quick ratio of 5.78. The firm has a market cap of $23.33 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.31 and a beta of 1.23.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $823.63 million. During the same quarter in the prior year, the company earned $0.84 EPS. Xilinx’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts forecast that Xilinx, Inc. will post 3.35 EPS for the current year.
Xilinx announced that its board has approved a stock buyback program on Wednesday, October 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the programmable devices maker to reacquire up to 4.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.48 annualized dividend and a yield of 1.64%. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.
In other Xilinx news, SVP Emre Onder sold 1,337 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total value of $129,408.23. Following the sale, the senior vice president now owns 4,340 shares in the company, valued at approximately $420,068.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Saar Gillai sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $96.65, for a total value of $328,610.00. Following the completion of the sale, the director now owns 7,712 shares in the company, valued at approximately $745,364.80. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on XLNX. Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 target price (down from $135.00) on shares of Xilinx in a report on Thursday, October 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $165.00 target price on shares of Xilinx in a report on Tuesday, October 1st. Nomura upgraded shares of Xilinx from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, October 14th. Bank of America downgraded shares of Xilinx from a “buy” rating to a “neutral” rating in a report on Friday, September 20th. Finally, BidaskClub downgraded shares of Xilinx from a “sell” rating to a “strong sell” rating in a report on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $115.95.
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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