Fenimore Asset Management Inc. lessened its stake in Xilinx, Inc. (NASDAQ:XLNX) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 267,320 shares of the programmable devices maker’s stock after selling 1,104 shares during the quarter. Fenimore Asset Management Inc. owned 0.11% of Xilinx worth $31,522,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hudson Valley Investment Advisors Inc. ADV lifted its stake in Xilinx by 2.3% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 36,096 shares of the programmable devices maker’s stock worth $4,256,000 after purchasing an additional 807 shares during the last quarter. CWM Advisors LLC grew its holdings in Xilinx by 21.7% in the second quarter. CWM Advisors LLC now owns 10,041 shares of the programmable devices maker’s stock valued at $1,184,000 after purchasing an additional 1,792 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Xilinx by 10.0% in the second quarter. IFM Investors Pty Ltd now owns 17,988 shares of the programmable devices maker’s stock valued at $2,121,000 after purchasing an additional 1,642 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Xilinx by 16.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 124,122 shares of the programmable devices maker’s stock valued at $14,636,000 after purchasing an additional 17,635 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in Xilinx in the second quarter valued at $1,363,000. Institutional investors and hedge funds own 85.81% of the company’s stock.
Several analysts have weighed in on the company. Morgan Stanley upped their target price on Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank reduced their target price on Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. KeyCorp reiterated an “overweight” rating and set a $140.00 target price (up from $130.00) on shares of Xilinx in a research report on Thursday, July 25th. BMO Capital Markets reduced their target price on Xilinx from $125.00 to $115.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 15th. Finally, Bank of America restated a “buy” rating and set a $150.00 price target (up from $130.00) on shares of Xilinx in a research note on Thursday, July 25th. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $119.52.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $849.60 million for the quarter, compared to the consensus estimate of $849.76 million. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The business’s revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. On average, analysts anticipate that Xilinx, Inc. will post 3.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, August 6th. Xilinx’s dividend payout ratio (DPR) is 42.53%.
In related news, Director Elizabeth W. Vanderslice sold 2,000 shares of Xilinx stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $101.50, for a total value of $203,000.00. Following the transaction, the director now directly owns 29,483 shares in the company, valued at approximately $2,992,524.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the vice president now owns 16,674 shares in the company, valued at $2,000,880. The disclosure for this sale can be found here. In the last three months, insiders sold 20,386 shares of company stock worth $2,331,612. Company insiders own 0.19% of the company’s stock.
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise 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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