Capital Asset Advisory Services LLC bought a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 706 shares of the programmable devices maker’s stock, valued at approximately $100,000.
Several other large investors also recently made changes to their positions in XLNX. Magnetar Financial LLC purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $193,700,000. TIG Advisors LLC bought a new stake in Xilinx during the fourth quarter worth $173,686,000. Alpine Associates Management Inc. bought a new stake in Xilinx during the fourth quarter worth $120,108,000. Morgan Stanley lifted its holdings in Xilinx by 35.0% during the fourth quarter. Morgan Stanley now owns 3,023,947 shares of the programmable devices maker’s stock worth $428,706,000 after acquiring an additional 783,335 shares during the period. Finally, Westchester Capital Management LLC bought a new stake in Xilinx during the fourth quarter worth $103,004,000. 84.50% of the stock is currently owned by institutional investors.
XLNX has been the topic of a number of recent analyst reports. Argus lowered Xilinx from a “buy” rating to a “hold” rating in a report on Friday, January 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Xilinx from $143.00 to $155.00 and gave the company a “hold” rating in a research note on Thursday, December 17th. Mizuho boosted their target price on Xilinx from $112.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, December 28th. Finally, Cowen boosted their price objective on Xilinx from $120.00 to $153.00 and gave the company a “market perform” rating in a research note on Thursday, January 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $122.06.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, January 27th. The programmable devices maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. Xilinx had a return on equity of 30.66% and a net margin of 21.22%. The company had revenue of $803.40 million during the quarter, compared to analyst estimates of $776.28 million. During the same quarter in the previous year, the company posted $0.68 EPS. Xilinx’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Xilinx, Inc. will post 2.91 earnings per share for the current fiscal year.
In other news, EVP William Christopher Madden sold 5,400 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $141.34, for a total value of $763,236.00. Following the completion of the sale, the executive vice president now owns 8,988 shares of the company’s stock, valued at approximately $1,270,363.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sumeet Gagneja sold 850 shares of the business’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $143.61, for a total value of $122,068.50. Following the completion of the sale, the vice president now directly owns 1,287 shares of the company’s stock, valued at approximately $184,826.07. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Xilinx, Inc engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V.
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