TD Asset Management Inc. trimmed its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,829 shares of the programmable devices maker’s stock after selling 22,283 shares during the period. TD Asset Management Inc.’s holdings in Xilinx were worth $31,974,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Xilinx by 5.5% during the second quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock valued at $1,237,325,000 after acquiring an additional 990,937 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Xilinx by 1.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,927,502 shares of the programmable devices maker’s stock worth $321,569,000 after buying an additional 82,236 shares in the last quarter. American Century Companies Inc. raised its stake in Xilinx by 19.2% in the second quarter. American Century Companies Inc. now owns 2,579,054 shares of the programmable devices maker’s stock worth $168,309,000 after buying an additional 416,092 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Xilinx by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,997,073 shares of the programmable devices maker’s stock worth $130,329,000 after buying an additional 27,646 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Xilinx by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,584,995 shares of the programmable devices maker’s stock worth $103,437,000 after buying an additional 47,132 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
XLNX has been the subject of a number of research reports. Bank of America raised shares of Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, July 26th. SunTrust Banks increased their price target on shares of Xilinx to $76.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. KeyCorp increased their price target on shares of Xilinx from $80.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Rosenblatt Securities raised shares of Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, July 26th. Finally, Morgan Stanley increased their price target on shares of Xilinx from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. Xilinx currently has an average rating of “Buy” and a consensus target price of $82.38.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. As a group, equities analysts predict that Xilinx, Inc. will post 3.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 9th. Xilinx’s dividend payout ratio (DPR) is presently 50.88%.
In other Xilinx news, SVP Emre Onder sold 1,734 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $77.15, for a total value of $133,778.10. Following the sale, the senior vice president now owns 1,419 shares in the company, valued at $109,475.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total transaction of $73,370.00. Following the completion of the sale, the vice president now owns 10,271 shares in the company, valued at approximately $753,583.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,234 shares of company stock worth $4,195,333. Corporate insiders own 0.16% of the company’s stock.
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Xilinx Company Profile
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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