Bank of New York Mellon Corp lowered its stake in Xilinx, Inc. (NASDAQ:XLNX) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,022,352 shares of the programmable devices maker’s stock after selling 371,672 shares during the period. Bank of New York Mellon Corp owned approximately 0.82% of Xilinx worth $130,076,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. TrimTabs Asset Management LLC increased its position in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after buying an additional 936 shares during the last quarter. Whittier Trust Co. increased its position in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after buying an additional 2,664 shares during the last quarter. First Mercantile Trust Co. increased its position in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock valued at $174,000 after buying an additional 324 shares during the last quarter. Finally, Huntington National Bank increased its position in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Xilinx, Inc. (XLNX) opened at 64.01 on Thursday. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $68.68. The company has a market cap of $15.91 billion, a PE ratio of 27.35 and a beta of 1.09. The company has a 50 day moving average of $64.10 and a 200 day moving average of $62.22.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. Equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.19%. Xilinx’s payout ratio is 60.09%.

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Several research firms have commented on XLNX. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Xilinx in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho reissued a “neutral” rating and set a $69.00 target price (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price on the stock in a research report on Monday, June 19th. Finally, Morgan Stanley reissued an “overweight” rating and set a $72.00 target price on shares of Xilinx in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Xilinx currently has a consensus rating of “Hold” and an average price target of $64.57.

In other news, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lorenzo Flores sold 9,600 shares of Xilinx stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the transaction, the chief financial officer now owns 19,058 shares of the company’s stock, valued at approximately $1,270,978.02. The disclosure for this sale can be found here. Insiders sold 37,531 shares of company stock valued at $2,395,798 in the last quarter. Corporate insiders own 0.40% 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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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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