First Merchants Corp lifted its position in shares of Xilinx, Inc.(NASDAQ:XLNX) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.The fund owned 53,068 shares of the programmable devices maker’s stock after purchasing an additional 4,012 shares during the period.First Merchants Corp’s holdings in Xilinx were worth $5,532,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company.
Blue Square Asset Management LLC purchased a new stake in shares of Xilinx during the 2nd quarter worth $26,000.
NEXT Financial Group Inc purchased a new stake in shares of Xilinx during the 3rd quarter worth $27,000.Newfound Research LLC purchased a new stake in shares of Xilinx during the 3rd quarter worth $34,000.Prestige Wealth Management Group LLC lifted its position in shares of Xilinx by 34.5% during the 3rd quarter.
Prestige Wealth Management Group LLC now owns 355 shares of the programmable devices maker’s stock worth $37,000 after purchasing an additional 91 shares during the last quarter.Finally, CWM LLC lifted its position in shares of Xilinx by 57.9% during the 2nd quarter.CWM LLC now owns 382 shares of the programmable devices maker’s stock worth $38,000 after purchasing an additional 140 shares during the last quarter.84.50% of the stock is owned by institutional investors and hedge funds.
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Shares of Xilinx stock traded up $3.14 on Thursday, reaching $122.90.7,657,997 shares of the stock were exchanged, compared to its average volume of 3,309,281.Xilinx, Inc.has a 1-year low of $67.68 and a 1-year high of $130.40.
The company has a current ratio of 3.50, a quick ratio of 3.22 and a debt-to-equity ratio of 0.64.The business has a fifty day moving average price of $107.61 and a two-hundred day moving average price of $98.63.The firm has a market capitalization of $30.12 billion, a PE ratio of 48.01, a PEG ratio of 4.45 and a beta of 0.96.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 21st.The programmable devices maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06.Xilinx had a net margin of 21.22% and a return on equity of 30.66%.During the same quarter last year, the business earned $0.89 EPS.Research analysts expect that Xilinx, Inc.will post 2.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd.
Shareholders of record on Wednesday, November 11th will be given a dividend of $0.38 per share.
The ex-dividend date is Monday, November 9th.This represents a $1.52 annualized dividend and a yield of 1.24%.Xilinx’s payout ratio is currently 45.37%.
In other Xilinx news, SVP Vamsi Boppana sold 2,968 shares of the company’s stock in a transaction dated Tuesday, August 4th.The shares were sold at an average price of $105.12, for a total transaction of $311,996.16.Following the transaction, the senior vice president now directly owns 9,903 shares in the company, valued at $1,041,003.36.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .Corporate insiders own 0.20% of the company’s stock.
Several equities research analysts have recently issued reports on XLNX shares.Needham & Company LLC reaffirmed a “hold” rating on shares of Xilinx in a research report on Friday, July 31st.The Goldman Sachs Group cut shares of Xilinx from a “buy” rating to a “neutral” rating and set a $116.00 price target for the company.in a research report on Thursday, October 22nd.Morgan Stanley boosted their price target on shares of Xilinx from $117.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd.
BidaskClub cut shares of Xilinx from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 20th.Finally, BMO Capital Markets boosted their price target on shares of Xilinx from $90.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st.Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock.Xilinx has a consensus rating of “Hold” and an average price target of $111.14.
About Xilinx
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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