Xilinx, Inc. (NASDAQ:XLNX) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,098,535 shares of the programmable devices maker’s stock after selling 82,949 shares during the period. First Trust Advisors LP owned about 0.44% of Xilinx worth $105,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Daiwa Securities Group Inc. lifted its position in shares of Xilinx by 30.7% in the third quarter. Daiwa Securities Group Inc. now owns 59,165 shares of the programmable devices maker’s stock valued at $5,673,000 after acquiring an additional 13,898 shares in the last quarter. Keybank National Association OH lifted its position in shares of Xilinx by 0.8% in the third quarter. Keybank National Association OH now owns 44,687 shares of the programmable devices maker’s stock valued at $4,285,000 after acquiring an additional 343 shares in the last quarter. Hemenway Trust Co LLC lifted its position in shares of Xilinx by 1.5% in the third quarter. Hemenway Trust Co LLC now owns 141,486 shares of the programmable devices maker’s stock valued at $13,569,000 after acquiring an additional 2,120 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Xilinx by 487.7% in the third quarter. Kornitzer Capital Management Inc. KS now owns 96,302 shares of the programmable devices maker’s stock valued at $9,235,000 after acquiring an additional 79,917 shares in the last quarter. Finally, Bartlett & Co. LLC lifted its position in Xilinx by 7.2% during the third quarter. Bartlett & Co. LLC now owns 6,685 shares of the programmable devices maker’s stock worth $641,000 after buying an additional 449 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

In other news, Director Saar Gillai sold 3,400 shares of Xilinx stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.65, for a total value of $328,610.00. Following the completion of the sale, the director now directly owns 7,712 shares of the company’s stock, valued at $745,364.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marshall C. Turner sold 3,000 shares of Xilinx stock in a transaction on Monday, August 19th. The shares were sold at an average price of $107.82, for a total value of $323,460.00. Following the completion of the sale, the director now directly owns 44,690 shares of the company’s stock, valued at $4,818,475.80. The disclosure for this sale can be found here. Insiders sold 22,226 shares of company stock worth $2,270,378 in the last 90 days. Company insiders own 0.19% of the company’s stock.

NASDAQ:XLNX opened at $95.50 on Friday. Xilinx, Inc. has a 52 week low of $79.22 and a 52 week high of $141.60. The company has a quick ratio of 5.78, a current ratio of 6.44 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $23.99 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.37 and a beta of 1.24. The stock’s fifty day moving average is $94.61 and its two-hundred day moving average is $107.23.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Xilinx had a return on equity of 35.84% and a net margin of 28.76%. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $823.63 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Xilinx, Inc. will post 3.35 earnings per share for the current fiscal year.

Xilinx announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the programmable devices maker to purchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.48 dividend on an annualized basis and a yield of 1.55%. Xilinx’s dividend payout ratio is currently 42.53%.

A number of brokerages recently commented on XLNX. SunTrust Banks reduced their price objective on Xilinx to $94.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. KeyCorp reiterated an “overweight” rating and set a $130.00 price objective (down previously from $140.00) on shares of Xilinx in a research report on Monday, August 26th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price objective (down previously from $135.00) on shares of Xilinx in a research report on Thursday, October 24th. Rosenblatt Securities reiterated a “buy” rating and set a $165.00 price objective on shares of Xilinx in a research report on Tuesday, October 1st. Finally, Mizuho reduced their price objective on Xilinx from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.26.

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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