Zurcher Kantonalbank Zurich Cantonalbank increased its position in Xilinx, Inc. (NASDAQ:XLNX) by 51.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 317,976 shares of the programmable devices maker’s stock after purchasing an additional 107,860 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.13% of Xilinx worth $25,492,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of XLNX. Bank of New York Mellon Corp boosted its stake in Xilinx by 115.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,309,431 shares of the programmable devices maker’s stock worth $345,488,000 after purchasing an additional 2,312,358 shares during the period. Millennium Management LLC acquired a new position in Xilinx in the 2nd quarter worth approximately $90,808,000. Renaissance Technologies LLC boosted its stake in Xilinx by 2,863.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,360,005 shares of the programmable devices maker’s stock worth $88,754,000 after purchasing an additional 1,314,105 shares during the period. BlackRock Inc. boosted its stake in Xilinx by 5.5% in the 2nd quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock worth $1,237,325,000 after purchasing an additional 990,937 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in Xilinx by 673.9% in the 3rd quarter. Artemis Investment Management LLP now owns 893,495 shares of the programmable devices maker’s stock worth $71,636,000 after purchasing an additional 778,048 shares during the period. 88.38% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on XLNX. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Bank of America raised their price objective on shares of Xilinx from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. UBS Group raised shares of Xilinx from a “neutral” rating to a “positive” rating in a research note on Tuesday, November 13th. Susquehanna Bancshares raised shares of Xilinx from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $82.00 to $85.00 in a research note on Tuesday, November 13th. Finally, Credit Suisse Group increased their target price on shares of Xilinx from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Xilinx currently has an average rating of “Buy” and a consensus price target of $82.50.
Shares of Xilinx stock traded up $0.43 during midday trading on Friday, reaching $86.93. 138,562 shares of the company’s stock traded hands, compared to its average volume of 4,206,781. The company has a market capitalization of $21.89 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.77 and a beta of 0.86. The company has a current ratio of 4.26, a quick ratio of 4.00 and a debt-to-equity ratio of 0.49. Xilinx, Inc. has a 52 week low of $62.27 and a 52 week high of $91.17.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $746.25 million for the quarter, compared to the consensus estimate of $710.33 million. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. On average, equities research analysts predict that Xilinx, Inc. will post 3.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. Xilinx’s dividend payout ratio is currently 50.88%.
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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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