State Farm Mutual Automobile Insurance Co. acquired a new stake in Xilinx, Inc. (NASDAQ:XLNX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,701 shares of the programmable devices maker’s stock, valued at approximately $2,811,000.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Xilinx by 3.1% during the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after purchasing an additional 812,627 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Xilinx by 4.0% during the first quarter. First Eagle Investment Management LLC now owns 13,577,684 shares of the programmable devices maker’s stock valued at $786,012,000 after purchasing an additional 525,371 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Xilinx by 3.8% during the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after purchasing an additional 358,064 shares during the last quarter. Janus Capital Management LLC lifted its holdings in shares of Xilinx by 12.1% during the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after purchasing an additional 764,384 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Xilinx by 9.8% during the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock valued at $269,040,000 after purchasing an additional 413,912 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
In other Xilinx news, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the sale, the senior vice president now directly owns 41,869 shares of the company’s stock, valued at $2,602,995.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares of the company’s stock, valued at $785,088.06. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
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Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up 0.72% during mid-day trading on Friday, reaching $68.33. The company had a trading volume of 3,320,569 shares. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.75. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 29.20 and a beta of 1.08. The firm’s 50-day moving average is $63.93 and its 200 day moving average is $62.94.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. During the same period in the previous year, the firm posted $0.61 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 8th. Xilinx’s dividend payout ratio is currently 60.09%.
Several research firms recently weighed in on XLNX. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Xilinx in a research report on Friday, June 16th. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho reissued a “neutral” rating and set a $69.00 price target (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Vetr raised Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target on the stock in a research report on Monday, June 19th. Finally, Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Xilinx presently has a consensus rating of “Hold” and a consensus target price of $64.57.
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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