Assenagon Asset Management S.A. raised its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 27.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,992 shares of the programmable devices maker’s stock after acquiring an additional 4,126 shares during the period. Assenagon Asset Management S.A.’s holdings in Xilinx were worth $1,821,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new stake in Xilinx during the second quarter valued at about $136,000. Navellier & Associates Inc lifted its stake in shares of Xilinx by 85.0% in the second quarter. Navellier & Associates Inc now owns 50,592 shares of the programmable devices maker’s stock valued at $5,966,000 after buying an additional 23,248 shares during the period. ETRADE Capital Management LLC lifted its stake in shares of Xilinx by 173.6% in the second quarter. ETRADE Capital Management LLC now owns 11,782 shares of the programmable devices maker’s stock valued at $1,389,000 after buying an additional 7,475 shares during the period. Cavalier Investments LLC lifted its stake in shares of Xilinx by 166.1% in the second quarter. Cavalier Investments LLC now owns 14,900 shares of the programmable devices maker’s stock valued at $1,757,000 after buying an additional 9,300 shares during the period. Finally, AMP Capital Investors Ltd lifted its stake in shares of Xilinx by 41.2% in the second quarter. AMP Capital Investors Ltd now owns 230,522 shares of the programmable devices maker’s stock valued at $27,243,000 after buying an additional 67,236 shares during the period. Institutional investors own 84.86% of the company’s stock.
XLNX has been the subject of several research reports. BidaskClub cut shares of Xilinx from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Mizuho reiterated a “buy” rating and issued a $140.00 target price on shares of Xilinx in a research note on Sunday, August 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $165.00 target price on shares of Xilinx in a research note on Tuesday, October 1st. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a research note on Saturday, July 27th. Finally, ValuEngine cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. Xilinx has a consensus rating of “Hold” and an average target price of $119.14.
NASDAQ:XLNX opened at $94.34 on Friday. Xilinx, Inc. has a 12-month low of $68.76 and a 12-month high of $141.60. The company has a quick ratio of 6.54, a current ratio of 7.22 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $23.97 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25. The firm has a 50-day moving average price of $99.00 and a 200 day moving average price of $111.17.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $849.60 million during the quarter, compared to analyst estimates of $849.76 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, research analysts expect that Xilinx, Inc. will post 3.72 EPS for the current year.
In other news, EVP Vincent Tong sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 36,775 shares of the company’s stock, valued at $3,861,375. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the vice president now directly owns 16,674 shares of the company’s stock, valued at approximately $2,000,880. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,048 shares of company stock valued at $2,934,041. Company insiders own 0.19% of the company’s 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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