Polaris Greystone Financial Group LLC acquired a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,594 shares of the programmable devices maker’s stock, valued at approximately $3,912,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of 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 acquiring an additional 1,929,227 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Xilinx by 22.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,714,999 shares of the programmable devices maker’s stock worth $164,468,000 after acquiring an additional 317,336 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Xilinx by 11.2% in the third quarter. Parametric Portfolio Associates LLC now owns 870,857 shares of the programmable devices maker’s stock worth $83,515,000 after acquiring an additional 88,027 shares during the period. Nikko Asset Management Americas Inc. raised its position in shares of Xilinx by 115.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 713,193 shares of the programmable devices maker’s stock worth $68,395,000 after acquiring an additional 382,428 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Xilinx by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 602,169 shares of the programmable devices maker’s stock worth $58,874,000 after acquiring an additional 17,795 shares during the period. 84.25% of the stock is currently owned by hedge funds and other institutional investors.
In other Xilinx news, Director Saar Gillai sold 3,400 shares of the stock in a transaction dated Monday, November 4th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
XLNX stock traded down $1.62 during mid-day trading on Friday, reaching $85.59. The company’s stock had a trading volume of 2,601,421 shares, compared to its average volume of 3,864,655. The stock has a market cap of $21.91 billion, a PE ratio of 25.02, a P/E/G ratio of 2.19 and a beta of 1.22. The company has a current ratio of 6.06, a quick ratio of 5.78 and a debt-to-equity ratio of 0.47. Xilinx, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $141.60. The company’s 50 day moving average is $98.62 and its two-hundred day moving average is $100.43.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Tuesday, January 28th. The programmable devices maker reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.09. The company had revenue of $723.50 million during the quarter, compared to the consensus estimate of $725.73 million. Xilinx had a net margin of 27.05% and a return on equity of 33.38%. Xilinx’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, analysts forecast that Xilinx, Inc. will post 3.36 earnings per share for the current fiscal year.
Xilinx announced that its board has authorized a stock repurchase plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the programmable devices maker to reacquire up to 4.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, February 11th will be issued a $0.37 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.73%. Xilinx’s payout ratio is 42.53%.
A number of research analysts have weighed in on XLNX shares. Barclays reiterated a “hold” rating and issued a $110.00 price objective on shares of Xilinx in a research report on Sunday, January 19th. Robert W. Baird restated a “buy” rating and set a $105.00 price target on shares of Xilinx in a research report on Wednesday. Cascend Securities restated a “buy” rating and set a $105.00 price target (down previously from $115.00) on shares of Xilinx in a research report on Wednesday. BMO Capital Markets restated a “market perform” rating and set a $90.00 price target on shares of Xilinx in a research report on Wednesday. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on shares of Xilinx from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $110.22.
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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