North Star Asset Management Inc. cut its stake in shares of Xilinx Inc. (NASDAQ:XLNX) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,097 shares of the programmable devices maker’s stock after selling 5,470 shares during the period. North Star Asset Management Inc. owned 0.05% of Xilinx worth $7,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XLNX. One Capital Management LLC increased its position in shares of Xilinx by 0.8% in the first quarter. One Capital Management LLC now owns 35,716 shares of the programmable devices maker’s stock valued at $1,694,000 after buying an additional 271 shares during the last quarter. Robecosam AG increased its stake in Xilinx by 96.4% in the first quarter. Robecosam AG now owns 204,240 shares of the programmable devices maker’s stock worth $9,777,000 after buying an additional 100,240 shares in the last quarter. Squarepoint Ops LLC increased its stake in Xilinx by 92.0% in the first quarter. Squarepoint Ops LLC now owns 85,317 shares of the programmable devices maker’s stock worth $4,046,000 after buying an additional 40,884 shares in the last quarter. Seven Eight Capital LLC increased its stake in Xilinx by 108.3% in the first quarter. Seven Eight Capital LLC now owns 26,732 shares of the programmable devices maker’s stock worth $1,268,000 after buying an additional 13,900 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Xilinx by 1.8% in the first quarter. Arizona State Retirement System now owns 97,289 shares of the programmable devices maker’s stock worth $4,614,000 after buying an additional 1,700 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

Shares of Xilinx Inc. (NASDAQ:XLNX) traded down 0.70% during trading on Wednesday, hitting $53.55. 2,481,890 shares of the company traded hands. The company has a 50 day moving average price of $51.43 and a 200 day moving average price of $49.51. 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 $13.52 billion, a price-to-earnings ratio of 23.91 and a beta of 1.17.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.46%. Xilinx’s dividend payout ratio (DPR) is presently 58.67%.

A number of analysts have recently issued reports on the stock. Citigroup Inc. lifted their price objective on shares of Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Nomura reaffirmed a “neutral” rating and set a $45.00 price objective (up from $41.00) on shares of Xilinx in a report on Saturday, October 22nd. Robert W. Baird downgraded shares of Xilinx from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $50.99 to $52.00 in a report on Wednesday, October 12th. Jefferies Group lifted their price objective on shares of Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Finally, Deutsche Bank AG lifted their price objective on shares of Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Fourteen analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $51.56.

In other news, CEO Moshe Gavrielov sold 11,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $18,850,972.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lorenzo Flores sold 25,750 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $50.90, for a total transaction of $1,310,675.00. Following the completion of the sale, the chief financial officer now owns 35,014 shares of the company’s stock, valued at approximately $1,782,212.60. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:XLNX

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