Westwood Management Corp IL Buys Shares of 10,000 Xilinx, Inc. (XLNX)
Westwood Management Corp IL bought a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the first quarter, Holdings Channel reports. The fund bought 10,000 shares of the programmable devices maker’s stock, valued at approximately $579,000.
Other hedge funds have also bought and sold shares of the company. Glaxis Capital Management LLC acquired a new stake in Xilinx during the first quarter valued at approximately $1,243,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Xilinx during the first quarter worth about $269,000. DnB Asset Management AS raised its position in shares of Xilinx by 19.2% in the first quarter. DnB Asset Management AS now owns 27,966 shares of the programmable devices maker’s stock worth $1,619,000 after buying an additional 4,500 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Xilinx by 4.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 109,210 shares of the programmable devices maker’s stock worth $6,322,000 after buying an additional 5,000 shares during the last quarter. Finally, National Pension Service raised its position in shares of Xilinx by 1.1% in the first quarter. National Pension Service now owns 231,227 shares of the programmable devices maker’s stock worth $13,383,000 after buying an additional 2,527 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down 0.03% during mid-day trading on Friday, hitting $57.69. The company had a trading volume of 2,216,200 shares. Xilinx, Inc. has a one year low of $41.53 and a one year high of $62.24. The firm’s 50-day moving average price is $58.06 and its 200 day moving average price is $56.25. The company has a market capitalization of $14.36 billion, a P/E ratio of 25.30 and a beta of 1.15.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, January 25th. The programmable devices maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $586 million for the quarter, compared to analysts’ expectations of $579.58 million. Xilinx had a net margin of 26.58% and a return on equity of 23.89%. Xilinx’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. Analysts predict that Xilinx, Inc. will post $2.28 earnings per share for the current fiscal year.
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A number of equities analysts have issued reports on the company. Instinet reaffirmed a “reduce” rating and set a $45.00 price target on shares of Xilinx in a research note on Tuesday. Vetr raised Xilinx from a “hold” rating to a “buy” rating and set a $62.15 price target for the company in a research note on Monday, March 6th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, March 28th. Robert W. Baird reaffirmed a “neutral” rating on shares of Xilinx in a research note on Thursday, January 26th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating on shares of Xilinx in a research note on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.42.
In other news, Director John Michael Patterson sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $59.04, for a total value of $354,240.00. Following the sale, the director now directly owns 20,164 shares of the company’s stock, valued at approximately $1,190,482.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vincent Tong sold 11,155 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $60.00, for a total transaction of $669,300.00. Following the completion of the sale, the insider now directly owns 61,383 shares in the company, valued at $3,682,980. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
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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