Fifth Third Bancorp reduced its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,226 shares of the programmable devices maker’s stock after selling 211 shares during the period. Fifth Third Bancorp’s holdings in Xilinx were worth $2,734,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of XLNX. Blue Square Asset Management LLC acquired a new stake in Xilinx in the second quarter valued at approximately $26,000. NEXT Financial Group Inc acquired a new stake in Xilinx in the third quarter valued at approximately $27,000. Newfound Research LLC acquired a new stake in Xilinx in the third quarter valued at approximately $34,000. Prestige Wealth Management Group LLC grew its holdings in Xilinx by 34.5% in the third quarter. Prestige Wealth Management Group LLC now owns 355 shares of the programmable devices maker’s stock valued at $37,000 after purchasing an additional 91 shares during the period. Finally, CWM LLC grew its holdings in Xilinx by 57.9% in the second quarter. CWM LLC now owns 382 shares of the programmable devices maker’s stock valued at $38,000 after purchasing an additional 140 shares during the period. 84.50% of the stock is currently owned by institutional investors.
Shares of Xilinx stock opened at $132.38 on Friday. Xilinx, Inc. has a one year low of $67.68 and a one year high of $136.50. The company has a market cap of $32.44 billion, a price-to-earnings ratio of 51.71, a PEG ratio of 4.45 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.22 and a current ratio of 3.50. The business’s 50 day moving average price is $119.63 and its 200 day moving average price is $103.18.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 21st. The programmable devices maker reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.06. Xilinx had a return on equity of 30.66% and a net margin of 21.22%. During the same quarter in the prior year, the business earned $0.89 EPS. On average, analysts predict that Xilinx, Inc. will post 2.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be given a $0.38 dividend. The ex-dividend date is Monday, November 9th. This represents a $1.52 dividend on an annualized basis and a yield of 1.15%. Xilinx’s dividend payout ratio is currently 45.37%.
XLNX has been the topic of several research analyst reports. Cowen raised their price objective on Xilinx from $95.00 to $108.00 and gave the company a “market perform” rating in a report on Friday, July 31st. The Goldman Sachs Group lowered Xilinx from a “buy” rating to a “neutral” rating and set a $116.00 price objective on the stock. in a report on Thursday, October 22nd. Robert W. Baird downgraded Xilinx from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Monday, October 12th. JPMorgan Chase & Co. upgraded Xilinx from an “underweight” rating to a “neutral” rating and raised their target price for the company from $96.00 to $138.00 in a research report on Wednesday, October 28th. Finally, BidaskClub downgraded Xilinx from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. Xilinx has an average rating of “Hold” and an average price target of $111.14.
Xilinx Company Profile
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. The company offers 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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