North Star Asset Management Inc. continued to hold its position in shares of Xilinx Inc. (NASDAQ:XLNX) during the second quarter, Holdings Channel reports. The institutional investor owned 136,402 shares of the programmable devices maker’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Xilinx were worth $6,469,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of Xilinx by 15.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,479,685 shares of the programmable devices maker’s stock valued at $402,191,000 after buying an additional 1,137,269 shares during the period. Renaissance Technologies LLC boosted its position in shares of Xilinx by 55.9% in the first quarter. Renaissance Technologies LLC now owns 2,177,305 shares of the programmable devices maker’s stock valued at $103,270,000 after buying an additional 780,800 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Xilinx by 402.7% in the first quarter. Panagora Asset Management Inc. now owns 712,401 shares of the programmable devices maker’s stock valued at $33,789,000 after buying an additional 570,675 shares during the period. Retirement Systems of Alabama boosted its position in shares of Xilinx by 57.7% in the second quarter. Retirement Systems of Alabama now owns 844,352 shares of the programmable devices maker’s stock valued at $38,950,000 after buying an additional 308,849 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Xilinx during the first quarter valued at about $14,010,000. Institutional investors own 91.37% of the company’s stock.
Shares of Xilinx Inc. (NASDAQ:XLNX) traded down 1.01% during mid-day trading on Friday, hitting $52.89. The company’s stock had a trading volume of 2,547,492 shares. Xilinx Inc. has a 1-year low of $40.44 and a 1-year high of $55.49. The stock has a market cap of $13.41 billion, a PE ratio of 25.08 and a beta of 1.30. The company has a 50-day moving average price of $53.53 and a 200-day moving average price of $48.62.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $571.06 million. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. Analysts predict that Xilinx Inc. will post $2.22 EPS for the current fiscal year.
A number of equities analysts recently issued reports on XLNX shares. Pacific Crest lifted their target price on Xilinx from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. Wells Fargo & Co. restated a “buy” rating on shares of Xilinx in a report on Wednesday, July 6th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, September 20th. BMO Capital Markets restated a “buy” rating and issued a $60.00 target price on shares of Xilinx in a report on Thursday, July 28th. Finally, Morgan Stanley lifted their target price on Xilinx from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $50.09.
In other news, CEO Moshe Gavrielov sold 11,500 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $54.75, for a total value of $629,625.00. Following the completion of the sale, the chief executive officer now directly owns 344,310 shares of the company’s stock, valued at approximately $18,850,972.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Krishna Rangasayee sold 14,821 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $51.75, for a total transaction of $766,986.75. Following the completion of the sale, the insider now directly owns 30,186 shares of the company’s stock, valued at $1,562,125.50. The disclosure for this sale can be found here. 0.52% 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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