Maverick Capital Ltd. boosted its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,510 shares of the programmable devices maker’s stock after acquiring an additional 11,440 shares during the period. Maverick Capital Ltd.’s holdings in Xilinx were worth $3,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XLNX. Nordea Investment Management AB lifted its position in Xilinx by 54.4% during the 1st quarter. Nordea Investment Management AB now owns 11,487 shares of the programmable devices maker’s stock valued at $665,000 after acquiring an additional 4,046 shares during the period. KBC Group NV lifted its position in Xilinx by 9.4% during the 1st quarter. KBC Group NV now owns 23,590 shares of the programmable devices maker’s stock valued at $1,366,000 after acquiring an additional 2,021 shares during the period. Alliancebernstein L.P. lifted its position in Xilinx by 3.8% during the 1st quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after acquiring an additional 358,064 shares during the period. MAI Capital Management lifted its position in Xilinx by 46.4% during the 1st quarter. MAI Capital Management now owns 39,450 shares of the programmable devices maker’s stock valued at $2,284,000 after acquiring an additional 12,500 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in Xilinx by 9,866.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after acquiring an additional 2,664 shares during the period. 97.42% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Pacific Crest reissued an “overweight” rating and set a $70.00 price target on shares of Xilinx in a research report on Wednesday, June 21st. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research report on Monday, June 19th. Barclays PLC set a $65.00 price target on shares of Xilinx and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Rosenblatt Securities reissued a “hold” rating on shares of Xilinx in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $64.57.

Xilinx, Inc. (NASDAQ XLNX) traded up 0.22% during trading on Friday, hitting $71.69. 419,853 shares of the company were exchanged. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $71.96. The firm’s 50 day moving average price is $66.81 and its 200-day moving average price is $64.01. The stock has a market capitalization of $17.82 billion, a PE ratio of 30.64 and a beta of 1.10.

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

In related news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the transaction, the insider now owns 12,387 shares in the company, valued at approximately $785,088.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the transaction, the chief executive officer now owns 270,856 shares in the company, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,331 shares of company stock worth $12,086,196. 0.40% of the stock is owned by corporate insiders.

WARNING: “Maverick Capital Ltd. Acquires 11,440 Shares of Xilinx, Inc. (XLNX)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/10/06/maverick-capital-ltd-acquires-11440-shares-of-xilinx-inc-xlnx.html.

Xilinx 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.

Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

Receive News & Stock Ratings for Xilinx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related stocks with our FREE daily email newsletter.