State Treasurer State of Michigan Sells 800 Shares of Xilinx, Inc. (XLNX)

State Treasurer State of Michigan Sells 800 Shares of Xilinx, Inc. (XLNX)

State Treasurer State of Michigan cut its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,771 shares of the programmable devices maker’s stock after selling 800 shares during the period. State Treasurer State of Michigan’s holdings in Xilinx were worth $4,734,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Henderson Group PLC boosted its stake in shares of Xilinx by 10.4% in the third quarter. Henderson Group PLC now owns 32,866 shares of the programmable devices maker’s stock worth $1,786,000 after buying an additional 3,101 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of Xilinx by 1.1% in the third quarter. Commonwealth Equity Services Inc now owns 26,499 shares of the programmable devices maker’s stock worth $1,440,000 after buying an additional 300 shares during the last quarter. Strs Ohio boosted its stake in shares of Xilinx by 1,762.8% in the third quarter. Strs Ohio now owns 335,340 shares of the programmable devices maker’s stock worth $18,222,000 after buying an additional 317,338 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Xilinx by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 181,732 shares of the programmable devices maker’s stock worth $9,865,000 after buying an additional 3,481 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Xilinx by 79.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 82,606 shares of the programmable devices maker’s stock worth $4,489,000 after buying an additional 36,625 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xilinx, Inc. (NASDAQ:XLNX) traded up 0.71% on Friday, reaching $63.39. The company’s stock had a trading volume of 1,638,515 shares. Xilinx, Inc. has a 12 month low of $42.37 and a 12 month high of $64.90. The company has a 50-day moving average price of $58.88 and a 200 day moving average price of $57.06. The company has a market cap of $15.78 billion, a P/E ratio of 27.32 and a beta of 1.15.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm earned $609.50 million during the quarter, compared to the consensus estimate of $605.25 million. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, equities research analysts anticipate that Xilinx, Inc. will post $2.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Tuesday, May 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Xilinx’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 12th. Xilinx’s dividend payout ratio is presently 57.89%.

A number of equities research analysts have issued reports on the company. Robert W. Baird upped their target price on Xilinx from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, April 28th. Vetr raised Xilinx from a “hold” rating to a “buy” rating and set a $65.52 target price for the company in a research report on Tuesday. Zacks Investment Research cut Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Deutsche Bank AG upped their target price on Xilinx from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Instinet reaffirmed a “reduce” rating and set a $45.00 target price on shares of Xilinx in a research report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Xilinx has an average rating of “Hold” and a consensus target price of $60.08.

In other news, insider Vincent Tong sold 11,155 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $60.00, for a total transaction of $669,300.00. Following the completion of the transaction, the insider now owns 61,383 shares of the company’s stock, valued at approximately $3,682,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Moshe Gavrielov sold 25,400 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $64.08, for a total value of $1,627,632.00. Following the transaction, the chief executive officer now directly owns 282,466 shares of the company’s stock, valued at approximately $18,100,421.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,555 shares of company stock valued at $2,651,172. Corporate insiders own 0.52% of the company’s stock.

Xilinx Company Profile

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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