Sadoff Investment Management LLC increased its stake in Xilinx Inc. (NASDAQ:XLNX) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,660 shares of the programmable devices maker’s stock after buying an additional 1,125 shares during the period. Xilinx accounts for 4.0% of Sadoff Investment Management LLC’s holdings, making the stock its 4th largest position. Sadoff Investment Management LLC owned approximately 0.26% of Xilinx worth $36,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XLNX. Northwestern Mutual Wealth Management Co. boosted its stake in Xilinx by 21.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,297 shares of the programmable devices maker’s stock valued at $106,000 after buying an additional 407 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in Xilinx during the second quarter valued at about $119,000. Compagnie Lombard Odier SCmA boosted its stake in Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in Xilinx by 94.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,186 shares of the programmable devices maker’s stock valued at $147,000 after buying an additional 1,548 shares in the last quarter. Finally, Creative Planning boosted its stake in Xilinx by 2.4% in the second quarter. Creative Planning now owns 3,472 shares of the programmable devices maker’s stock valued at $160,000 after buying an additional 81 shares in the last quarter. 91.37% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

Shares of Xilinx Inc. (NASDAQ:XLNX) traded down 1.01% during midday trading on Friday, reaching $52.89. The company’s stock had a trading volume of 2,568,538 shares. Xilinx Inc. has a one year low of $40.44 and a one year high of $55.49. The company has a market capitalization of $13.41 billion, a P/E ratio of 25.08 and a beta of 1.30. The stock’s 50-day moving average is $53.53 and its 200-day moving average is $48.62.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. The business earned $574.90 million during the quarter, compared to analysts’ expectations of $571.06 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Xilinx Inc. will post $2.22 earnings per share for the current fiscal year.

Several research firms recently issued reports on XLNX. MKM Partners increased their target price on Xilinx from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 31st. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, September 20th. Pacific Crest increased their target price on Xilinx from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. Jefferies Group increased their target price on Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Finally, Deutsche Bank AG increased their target price on Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Xilinx has a consensus rating of “Hold” and a consensus price target of $50.09.

In other news, Director Marshall C. Turner sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $50.00, for a total value of $800,000.00. Following the completion of the sale, the director now directly owns 49,384 shares in the company, valued at $2,469,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $54.75, for a total value of $629,625.00. Following the completion of the sale, the chief executive officer now owns 344,310 shares of the company’s stock, valued at $18,850,972.50. The disclosure for this sale can be found here. Company 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.

5 Day Chart for NASDAQ:XLNX

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