Prudential Financial Inc. increased its stake in Xilinx Inc. (NASDAQ:XLNX) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 351,285 shares of the programmable devices maker’s stock after buying an additional 33,800 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Xilinx worth $16,205,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $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 valued at $171,000 after buying an additional 2,917 shares during the period. Partnervest Advisory Services LLC bought a new stake in Xilinx during the second quarter valued at about $222,000. Quantitative Systematic Strategies LLC bought a new stake in Xilinx during the second quarter valued at about $240,000. Finally, Delaney Dennis R increased its stake in Xilinx by 10.7% in the second quarter. Delaney Dennis R now owns 5,330 shares of the programmable devices maker’s stock valued at $246,000 after buying an additional 515 shares during the period. Institutional investors own 91.37% of the company’s stock.
Shares of Xilinx Inc. (NASDAQ:XLNX) traded up 2.309% on Friday, reaching $54.725. The company’s stock had a trading volume of 1,847,833 shares. The company has a market cap of $13.87 billion, a PE ratio of 25.948 and a beta of 1.33. Xilinx Inc. has a 52-week low of $40.44 and a 52-week high of $54.82. The firm has a 50 day moving average of $53.29 and a 200 day moving average of $48.40.
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 the consensus estimate of $0.56 by $0.05. The company earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Analysts predict that Xilinx Inc. will post $2.22 earnings per share for the current year.
Several research firms have recently issued reports on XLNX. Citigroup Inc. upped their price target on Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Zacks Investment Research downgraded Xilinx from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Robert W. Baird restated a “buy” rating and set a $52.00 target price on shares of Xilinx in a research note on Friday, June 17th. Jefferies Group increased their target price on Xilinx from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Finally, Deutsche Bank AG increased their target price on Xilinx from $44.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.09.
In related news, insider Krishna Rangasayee sold 14,821 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $51.75, for a total value of $766,986.75. Following the sale, the insider now owns 30,186 shares of the company’s stock, valued at $1,562,125.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marshall C. Turner sold 16,000 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $50.00, for a total transaction of $800,000.00. Following the completion of the sale, the director now directly owns 49,384 shares in the company, valued at approximately $2,469,200. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
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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