Trading Report: Today, Nicolet Bankshares Inc. Buys 4,070 Shares of Xilinx Inc. (XLNX)

Today, Nicolet Bankshares Inc. Buys 4,070  Shares of Xilinx Inc. (XLNX)

Nicolet Bankshares Inc. acquired a new position in Xilinx Inc. (NASDAQ:XLNX) during the third quarter, Holdings Channel reports. The fund acquired 4,070 shares of the programmable devices maker’s stock, valued at approximately $221,000.

A number of other large investors have also modified their holdings of the company. Capital Fund Management S.A. purchased a new stake in Xilinx during the second quarter worth about $10,478,000. Retirement Systems of Alabama boosted its stake in Xilinx by 57.7% in the second quarter. Retirement Systems of Alabama now owns 844,352 shares of the programmable devices maker’s stock worth $38,950,000 after buying an additional 308,849 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Xilinx by 40.7% in the third quarter. BNP Paribas Arbitrage SA now owns 301,144 shares of the programmable devices maker’s stock worth $16,364,000 after buying an additional 87,161 shares during the period. Fulton Breakefield Broenniman LLC boosted its stake in Xilinx by 1.3% in the second quarter. Fulton Breakefield Broenniman LLC now owns 84,288 shares of the programmable devices maker’s stock worth $3,888,000 after buying an additional 1,052 shares during the period. Finally, RNC Capital Management LLC boosted its stake in Xilinx by 3.4% in the second quarter. RNC Capital Management LLC now owns 494,960 shares of the programmable devices maker’s stock worth $22,833,000 after buying an additional 16,239 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Xilinx Inc. (NASDAQ:XLNX) opened at 53.29 on Friday. Xilinx Inc. has a 52 week low of $40.44 and a 52 week high of $55.49. The company has a market capitalization of $13.46 billion, a PE ratio of 23.79 and a beta of 1.17. The firm has a 50-day moving average of $51.38 and a 200-day moving average of $49.89.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, October 19th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The firm earned $579 million during the quarter, compared to the consensus estimate of $574.90 million. Xilinx had a net margin of 26.32% and a return on equity of 23.21%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. Equities analysts expect that Xilinx Inc. will post $2.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, November 4th. Xilinx’s dividend payout ratio (DPR) is presently 58.67%.

Several equities research analysts recently weighed in on the stock. MKM Partners reiterated a “neutral” rating and issued a $53.00 target price on shares of Xilinx in a research note on Monday. Robert W. Baird reiterated a “neutral” rating and issued a $52.00 target price on shares of Xilinx in a research note on Saturday, November 19th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Citigroup Inc. reiterated a “neutral” rating and issued a $49.00 target price on shares of Xilinx in a research note on Saturday, October 22nd. Finally, Nomura reiterated a “neutral” rating and issued a $45.00 target price (up previously from $41.00) on shares of Xilinx in a research note on Saturday, October 22nd. Fourteen analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.44.

In related news, CFO Lorenzo Flores sold 25,750 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $50.90, for a total transaction of $1,310,675.00. Following the completion of the transaction, the chief financial officer now directly owns 35,014 shares in the company, valued at approximately $1,782,212.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Victor Peng sold 15,284 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $53.07, for a total transaction of $811,121.88. Following the transaction, the insider now owns 44,812 shares of the company’s stock, valued at $2,378,172.84. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

About Xilinx

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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