Wealth Enhancement Advisory Services LLC Buys Shares of 23,018 Xilinx, Inc. (XLNX)

Wealth Enhancement Advisory Services LLC bought a new position in Xilinx, Inc. (NASDAQ:XLNX) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,018 shares of the programmable devices maker’s stock, valued at approximately $1,658,000.

Several other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Xilinx by 0.9% in the 1st quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares during the period. Notis McConarty Edward grew its position in shares of Xilinx by 0.3% in the 2nd quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after buying an additional 60 shares during the period. Seaward Management Limited Partnership grew its position in shares of Xilinx by 2.1% in the 2nd quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after buying an additional 83 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Xilinx by 2.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock worth $267,000 after buying an additional 87 shares during the period. Finally, ING Groep NV grew its position in shares of Xilinx by 0.3% in the 2nd quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock worth $1,973,000 after buying an additional 93 shares during the period. 97.42% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Wealth Enhancement Advisory Services LLC Buys Shares of 23,018 Xilinx, Inc. (XLNX)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/20/wealth-enhancement-advisory-services-llc-buys-shares-of-23018-xilinx-inc-xlnx.html.

A number of analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 target price on shares of Xilinx in a research report on Wednesday. KeyCorp set a $78.00 target price on shares of Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. MKM Partners upped their target price on shares of Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research report on Sunday, October 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and an average target price of $66.57.

Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down 0.29% during trading on Friday, hitting $72.21. 1,278,351 shares of the stock traded hands. Xilinx, Inc. has a 52-week low of $48.97 and a 52-week high of $73.32. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 30.86 and a beta of 1.10. The stock has a 50 day moving average of $69.37 and a 200 day moving average of $65.01.

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

In other news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Moshe Gavrielov sold 28,600 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $71.78, for a total value of $2,052,908.00. The disclosure for this sale can be found here. Insiders sold 209,330 shares of company st

Several other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Xilinx by 0.9% in the 1st quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares during the period. Notis McConarty Edward grew its position in shares of Xilinx by 0.3% in the 2nd quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after buying an additional 60 shares during the period. Seaward Management Limited Partnership grew its position in shares of Xilinx by 2.1% in the 2nd quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after buying an additional 83 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Xilinx by 2.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock worth $267,000 after buying an additional 87 shares during the period. Finally, ING Groep NV grew its position in shares of Xilinx by 0.3% in the 2nd quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock worth $1,973,000 after buying an additional 93 shares during the period. 97.42% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Wealth Enhancement Advisory Services LLC Buys Shares of 23,018 Xilinx, Inc. (XLNX)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/20/wealth-enhancement-advisory-services-llc-buys-shares-of-23018-xilinx-inc-xlnx.html.

A number of analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 target price on shares of Xilinx in a research report on Wednesday. KeyCorp set a $78.00 target price on shares of Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. MKM Partners upped their target price on shares of Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research report on Sunday, October 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and an average target price of $66.57.

Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down 0.29% during trading on Friday, hitting $72.21. 1,278,351 shares of the stock traded hands. Xilinx, Inc. has a 52-week low of $48.97 and a 52-week high of $73.32. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 30.86 and a beta of 1.10. The stock has a 50 day moving average of $69.37 and a 200 day moving average of $65.01.

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

In other news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Moshe Gavrielov sold 28,600 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $71.78, for a total value of $2,052,908.00. The disclosure for this sale can be found here. Insiders sold 209,330 shares of company stock valued at $14,598,104 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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