Xilinx, Inc. (XLNX) Shares Sold by SP Asset Management

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SP Asset Management decreased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 1.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 23,519 shares of the programmable devices maker’s stock after selling 267 shares during the period. SP Asset Management’s holdings in Xilinx were worth $2,982,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its position in Xilinx by 35.0% in the 1st quarter. Signaturefd LLC now owns 1,119 shares of the programmable devices maker’s stock valued at $142,000 after purchasing an additional 290 shares during the last quarter. California State Teachers Retirement System raised its position in Xilinx by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 426,815 shares of the programmable devices maker’s stock worth $54,116,000 after buying an additional 1,923 shares during the last quarter. DE Burlo Group Inc. raised its position in Xilinx by 13.9% during the 1st quarter. DE Burlo Group Inc. now owns 89,200 shares of the programmable devices maker’s stock worth $11,310,000 after buying an additional 10,900 shares during the last quarter. Tech Square Trading LP purchased a new position in Xilinx during the 1st quarter worth $1,923,000. Finally, Ballentine Partners LLC purchased a new position in Xilinx during the 1st quarter worth $211,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

A number of equities analysts have commented on XLNX shares. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday, April 4th. Goldman Sachs Group downgraded shares of Xilinx from a “conviction-buy” rating to a “buy” rating in a research report on Monday, February 4th. Bank of America restated a “buy” rating and set a $143.00 price objective on shares of Xilinx in a research report on Monday, March 4th. Mizuho upped their price objective on shares of Xilinx from $107.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. Finally, ValuEngine downgraded shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $117.68.

In related news, EVP William Christopher Madden sold 435 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $105.69, for a total value of $45,975.15. Following the sale, the executive vice president now directly owns 4,809 shares of the company’s stock, valued at approximately $508,263.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mark Wadlington sold 2,241 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the sale, the senior vice president now directly owns 1,834 shares in the company, valued at $244,105.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,676 shares of company stock worth $547,252. 0.16% of the stock is owned by corporate insiders.

Shares of XLNX traded down $1.09 during trading hours on Monday, reaching $101.21. The company had a trading volume of 3,740,709 shares, compared to its average volume of 5,209,373. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $25.70 billion, a PE ratio of 29.08, a P/E/G ratio of 2.13 and a beta of 1.12. Xilinx, Inc. has a 12-month low of $64.15 and a 12-month high of $141.60.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.02). The company had revenue of $828.36 million during the quarter, compared to analysts’ expectations of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. On average, research analysts anticipate that Xilinx, Inc. will post 3.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.46%. This is a boost from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, May 15th. Xilinx’s dividend payout ratio is presently 42.53%.

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Xilinx Company 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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