Sit Investment Associates Inc. cut its stake in Xilinx, Inc. (NASDAQ:XLNX) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,260 shares of the programmable devices maker’s stock after selling 4,510 shares during the quarter. Sit Investment Associates Inc.’s holdings in Xilinx were worth $7,838,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Xilinx by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock worth $1,779,622,000 after purchasing an additional 638,165 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Xilinx by 743.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock worth $468,770,000 after purchasing an additional 6,423,813 shares during the period. Discovery Capital Management LLC CT grew its holdings in shares of Xilinx by 5.6% during the 2nd quarter. Discovery Capital Management LLC CT now owns 3,358,055 shares of the programmable devices maker’s stock worth $215,990,000 after purchasing an additional 177,100 shares during the period. Alkeon Capital Management LLC grew its holdings in shares of Xilinx by 0.4% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,494,138 shares of the programmable devices maker’s stock worth $176,660,000 after purchasing an additional 10,000 shares during the period. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Xilinx by 67.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock worth $163,044,000 after purchasing an additional 928,405 shares during the period. 94.98% of the stock is owned by institutional investors and hedge funds.
Xilinx, Inc. (NASDAQ XLNX) opened at $74.34 on Friday. Xilinx, Inc. has a twelve month low of $54.99 and a twelve month high of $75.29. The company has a market capitalization of $18,660.00, a PE ratio of 31.37, a P/E/G ratio of 3.06 and a beta of 1.08. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The company had revenue of $620.00 million during the quarter, compared to analysts’ expectations of $620.99 million. During the same period last year, the business posted $0.61 EPS. Xilinx’s revenue for the quarter was up 7.1% on a year-over-year basis. equities analysts anticipate that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
XLNX has been the subject of a number of research analyst reports. Deutsche Bank increased their price target on Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. MKM Partners increased their price target on Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a report on Sunday, October 8th. Goldman Sachs Group upgraded Xilinx from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Friday, October 27th. Finally, BidaskClub cut Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $71.53.
In other news, CFO Lorenzo Flores sold 2,828 shares of Xilinx stock in a transaction dated Tuesday, November 7th. The stock was 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 owns 28,313 shares in the company, valued at approximately $2,101,673.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Peng sold 25,000 shares of Xilinx stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 31,728 shares of company stock valued at $2,293,154 over the last 90 days. 0.40% of the stock is currently owned by company insiders.
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Xilinx Company Profile
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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