Xilinx, Inc. (NASDAQ:XLNX) Stake Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Xilinx, Inc. (NASDAQ:XLNX) by 72.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,450 shares of the programmable devices maker’s stock after buying an additional 5,250 shares during the period. Daiwa Securities Group Inc.’s holdings in Xilinx were worth $801,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in XLNX. TrimTabs Asset Management LLC increased its stake in shares of Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the period. Whittier Trust Co. increased its stake in shares of Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the period. Huntington National Bank increased its stake in shares of Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the period. Finally, First Mercantile Trust Co. increased its stake in shares of Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares during the period. 94.61% of the stock is owned by institutional investors.

Xilinx, Inc. (NASDAQ:XLNX) opened at 62.42 on Friday. The firm has a market cap of $15.52 billion, a PE ratio of 26.68 and a beta of 1.09. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68. The firm’s 50-day moving average price is $64.80 and its 200 day moving average price is $61.97.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts anticipate that Xilinx, Inc. will post $2.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be given a $0.35 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.40 annualized dividend and a yield of 2.24%. Xilinx’s dividend payout ratio (DPR) is 60.09%.

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A number of brokerages have issued reports on XLNX. Vetr raised Xilinx from a “buy” rating to a “strong-buy” rating and set a $70.95 price target for the company in a report on Tuesday, August 1st. Raymond James Financial, Inc. reissued a “hold” rating on shares of Xilinx in a report on Thursday, July 27th. Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a report on Monday, July 31st. KeyCorp set a $70.00 target price on Xilinx and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Mizuho reissued a “neutral” rating and issued a $69.00 target price (up from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx has an average rating of “Hold” and a consensus target price of $64.57.

In other Xilinx news, CEO Moshe Gavrielov sold 600 shares of Xilinx stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $64.75, for a total transaction of $38,850.00. Following the transaction, the chief executive officer now directly owns 235,766 shares in the company, valued at approximately $15,265,848.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,531 shares of company stock worth $2,461,740. 0.40% of the stock is currently owned by company insiders.

Xilinx Company Profile

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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