Xilinx, Inc. (NASDAQ:XLNX) Shares Acquired by Executive Wealth Management LLC

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Executive Wealth Management LLC boosted its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 21.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,393 shares of the programmable devices maker’s stock after purchasing an additional 2,202 shares during the period. Executive Wealth Management LLC’s holdings in Xilinx were worth $1,461,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barings LLC lifted its stake in Xilinx by 86.4% during the first quarter. Barings LLC now owns 10,675 shares of the programmable devices maker’s stock valued at $1,353,000 after purchasing an additional 4,948 shares during the last quarter. World Asset Management Inc lifted its stake in Xilinx by 4.4% during the first quarter. World Asset Management Inc now owns 17,935 shares of the programmable devices maker’s stock valued at $2,274,000 after purchasing an additional 760 shares during the last quarter. Navellier & Associates Inc lifted its stake in Xilinx by 85.0% during the second quarter. Navellier & Associates Inc now owns 50,592 shares of the programmable devices maker’s stock valued at $5,966,000 after purchasing an additional 23,248 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in Xilinx during the first quarter valued at approximately $2,889,000. Finally, Stratos Wealth Partners LTD. lifted its stake in Xilinx by 7.6% during the first quarter. Stratos Wealth Partners LTD. now owns 10,012 shares of the programmable devices maker’s stock valued at $1,269,000 after purchasing an additional 706 shares during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Salil Raje sold 5,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $120.78, for a total transaction of $603,900.00. Following the transaction, the executive vice president now owns 24,455 shares in the company, valued at approximately $2,953,674.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the transaction, the vice president now owns 16,674 shares in the company, valued at approximately $2,000,880. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,821 shares of company stock valued at $2,377,587. Insiders own 0.19% of the company’s stock.

Several analysts recently commented on the stock. Goldman Sachs Group lowered shares of Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a research note on Thursday, April 25th. KeyCorp reissued an “overweight” rating and set a $140.00 target price (up from $130.00) on shares of Xilinx in a research note on Thursday, July 25th. BMO Capital Markets cut their target price on shares of Xilinx from $125.00 to $115.00 and set a “market perform” rating for the company in a research note on Wednesday, May 15th. MKM Partners increased their target price on shares of Xilinx to $120.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Barclays cut their target price on shares of Xilinx from $130.00 to $105.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $119.52.

Shares of NASDAQ:XLNX opened at $106.43 on Wednesday. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48. The stock has a market cap of $26.88 billion, a P/E ratio of 30.58, a PEG ratio of 2.30 and a beta of 1.23. Xilinx, Inc. has a 52 week low of $68.76 and a 52 week high of $141.60. The company has a 50 day moving average price of $116.52.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The business had revenue of $849.60 million during the quarter, compared to the consensus estimate of $849.76 million. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, sell-side analysts predict that Xilinx, Inc. will post 3.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 7th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. Xilinx’s payout ratio is 42.53%.

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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