Quantitative Systematic Strategies LLC purchased a new position in shares of Xilinx Inc. (NASDAQ:XLNX) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,272 shares of the programmable devices maker’s stock, valued at approximately $240,000.
A number of other large investors have also recently bought and sold shares of XLNX. Creative Planning increased its stake in Xilinx by 2.4% in the second quarter. Creative Planning now owns 3,472 shares of the programmable devices maker’s stock worth $160,000 after buying an additional 81 shares during the period. Invictus RG increased its stake in Xilinx by 427.7% in the first quarter. Invictus RG now owns 3,599 shares of the programmable devices maker’s stock worth $171,000 after buying an additional 2,917 shares during the period. Cullinan Associates Inc. increased its stake in Xilinx by 3.5% in the second quarter. Cullinan Associates Inc. now owns 5,850 shares of the programmable devices maker’s stock worth $270,000 after buying an additional 200 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Xilinx during the first quarter worth about $369,000. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Xilinx during the second quarter worth about $443,000. 91.37% of the stock is owned by hedge funds and other institutional investors.
Xilinx Inc. (NASDAQ:XLNX) traded up 0.18% during mid-day trading on Friday, reaching $49.99. The company had a trading volume of 1,874,595 shares. Xilinx Inc. has a 52-week low of $40.44 and a 52-week high of $55.49. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 23.70 and a beta of 1.30. The company’s 50 day moving average is $53.08 and its 200 day moving average is $48.77.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The company had revenue of $574.90 million for the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Equities analysts predict that Xilinx Inc. will post $2.22 earnings per share for the current year.
A number of equities research analysts have issued reports on XLNX shares. Wells Fargo & Co. reissued a “buy” rating on shares of Xilinx in a research report on Wednesday, July 6th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Friday, July 29th. BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 target price on shares of Xilinx in a research report on Thursday, July 28th. Morgan Stanley upped their target price on Xilinx from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Finally, Jefferies Group upped their target price on Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Thirteen investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Xilinx currently has an average rating of “Hold” and an average target price of $51.17.
In related news, Director Marshall C. Turner sold 16,000 shares of Xilinx stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $50.00, for a total transaction of $800,000.00. Following the sale, the director now directly owns 49,384 shares of the company’s stock, valued at $2,469,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Krishna Rangasayee sold 14,821 shares of Xilinx stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $51.75, for a total value of $766,986.75. Following the sale, the insider now directly owns 30,186 shares in the company, valued at $1,562,125.50. The disclosure for this sale can be found here. 0.52% of the stock is owned by 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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