Municipal Employees Retirement System of Michigan trimmed its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 20.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,420 shares of the programmable devices maker’s stock after selling 1,700 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Xilinx were worth $455,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Xilinx by 2.4% during the second quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock valued at $1,779,622,000 after purchasing an additional 638,165 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Xilinx by 743.4% during the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after purchasing an additional 6,423,813 shares in the last quarter. Discovery Capital Management LLC CT boosted its stake in shares of Xilinx by 5.6% during the second quarter. Discovery Capital Management LLC CT now owns 3,358,055 shares of the programmable devices maker’s stock valued at $215,990,000 after purchasing an additional 177,100 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Xilinx by 104.8% during the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after purchasing an additional 1,603,850 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Xilinx by 67.6% during the third quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after purchasing an additional 928,405 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. BidaskClub lowered Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a research note on Wednesday, October 18th. SunTrust Banks reaffirmed a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. MKM Partners lifted their price objective on Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research note on Sunday, October 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Xilinx in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $69.73.

In other Xilinx news, CEO Moshe Gavrielov sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total value of $1,744,000.00. Following the transaction, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at $18,894,914.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Lorenzo Flores sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the completion of the transaction, the chief financial officer now directly owns 28,313 shares in the company, valued at $2,101,673.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 213,127 shares of company stock worth $15,135,685. Insiders own 0.40% of the company’s stock.

Xilinx, Inc. (NASDAQ XLNX) opened at $68.39 on Thursday. Xilinx, Inc. has a 12 month low of $54.41 and a 12 month high of $75.14. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $17,104.95, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm had revenue of $620.00 million for the quarter, compared to analyst estimates of $620.99 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Xilinx, Inc. will post 2.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, November 14th. Xilinx’s dividend payout ratio (DPR) is presently 59.07%.

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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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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