Los Angeles Capital Management & Equity Research Inc. lessened its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 45.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,701 shares of the programmable devices maker’s stock after selling 340,765 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Xilinx were worth $32,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of XLNX. Millennium Management LLC acquired a new position in shares of Xilinx during the second quarter worth about $90,808,000. Renaissance Technologies LLC lifted its stake in shares of Xilinx by 2,863.0% during the second quarter. Renaissance Technologies LLC now owns 1,360,005 shares of the programmable devices maker’s stock worth $88,754,000 after purchasing an additional 1,314,105 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Xilinx by 5.5% during the second quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock worth $1,237,325,000 after purchasing an additional 990,937 shares in the last quarter. Congress Asset Management Co. MA acquired a new position in shares of Xilinx in the third quarter worth about $60,698,000. Finally, Nuance Investments LLC lifted its stake in shares of Xilinx by 276.1% in the second quarter. Nuance Investments LLC now owns 648,682 shares of the programmable devices maker’s stock worth $42,333,000 after acquiring an additional 476,220 shares in the last quarter. Institutional investors own 87.68% of the company’s stock.

In other Xilinx news, CFO Lorenzo Flores sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total transaction of $534,975.00. Following the sale, the chief financial officer now owns 34,381 shares in the company, valued at $2,452,396.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Catia Hagopian sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $73.37, for a total value of $73,370.00. Following the sale, the vice president now owns 10,271 shares in the company, valued at approximately $753,583.27. The disclosure for this sale can be found here. Insiders have sold 51,572 shares of company stock worth $4,219,493 in the last 90 days. 0.16% of the stock is currently owned by insiders.

XLNX has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on Xilinx in a research note on Thursday, September 27th. They issued a “buy” rating and a $100.00 price target on the stock. Zacks Investment Research cut Xilinx from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Robert W. Baird upgraded Xilinx from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $71.00 to $90.00 in a research note on Tuesday, August 28th. Cowen initiated coverage on Xilinx in a research note on Friday, September 7th. They issued a “market perform” rating and a $81.00 price target on the stock. Finally, Credit Suisse Group boosted their price target on Xilinx from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $81.67.

Shares of NASDAQ XLNX opened at $85.10 on Thursday. Xilinx, Inc. has a 52-week low of $62.27 and a 52-week high of $88.20. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.00 and a current ratio of 4.26.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. The firm had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. As a group, equities research analysts predict that Xilinx, Inc. will post 3.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, November 9th. Xilinx’s payout ratio is currently 50.88%.

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Xilinx Profile

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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