BlackRock Inc. grew its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 21,605,135 shares of the programmable devices maker’s stock after acquiring an additional 432,757 shares during the quarter. BlackRock Inc. owned about 0.09% of Xilinx worth $2,676,876,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Xilinx in the fourth quarter valued at about $25,000. Childress Capital Advisors LLC acquired a new stake in Xilinx during the fourth quarter worth about $26,000. First Horizon Advisors Inc. grew its position in Xilinx by 368.2% during the fourth quarter. First Horizon Advisors Inc. now owns 206 shares of the programmable devices maker’s stock worth $28,000 after buying an additional 162 shares in the last quarter. Veritas Investment Partners UK Ltd. acquired a new stake in Xilinx during the fourth quarter worth about $29,000. Finally, Twin Tree Management LP grew its position in Xilinx by 101.8% during the fourth quarter. Twin Tree Management LP now owns 212 shares of the programmable devices maker’s stock worth $30,000 after buying an additional 11,860 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.
In other news, SVP Vamsi Boppana sold 3,000 shares of Xilinx stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $123.72, for a total value of $371,160.00. Following the completion of the transaction, the senior vice president now owns 7,575 shares in the company, valued at $937,179. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
Shares of XLNX opened at $123.70 on Thursday. The stock has a market cap of $30.41 billion, a price-to-earnings ratio of 47.39 and a beta of 1.01. The company has a quick ratio of 5.50, a current ratio of 6.00 and a debt-to-equity ratio of 0.52. Xilinx, Inc. has a 12 month low of $87.98 and a 12 month high of $154.93. The company has a 50-day moving average price of $125.33 and a two-hundred day moving average price of $133.30.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Tuesday, May 4th. The programmable devices maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Xilinx had a net margin of 20.54% and a return on equity of 29.70%. The company had revenue of $851.00 million during the quarter, compared to analysts’ expectations of $813.90 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. Xilinx’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts expect that Xilinx, Inc. will post 3.61 EPS for the current fiscal year.
A number of research firms recently weighed in on XLNX. Argus downgraded Xilinx from a “buy” rating to a “hold” rating in a research report on Friday, January 29th. Cowen lifted their target price on Xilinx from $120.00 to $153.00 and gave the stock a “market perform” rating in a research report on Thursday, January 28th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Xilinx has a consensus rating of “Hold” and a consensus target price of $126.47.
About Xilinx
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. The company offers 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.
Further Reading: Cost of Equity
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