Morse Asset Management Inc Has $956,000 Position in Xilinx, Inc. (NASDAQ:XLNX)

Morse Asset Management Inc lowered its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 18.3% during the third quarter, Holdings Channel.com reports. The firm owned 9,970 shares of the programmable devices maker’s stock after selling 2,235 shares during the period. Morse Asset Management Inc’s holdings in Xilinx were worth $956,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in Xilinx by 4.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,956 shares of the programmable devices maker’s stock worth $230,000 after purchasing an additional 81 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Xilinx by 5.1% during the second quarter. Ballentine Partners LLC now owns 1,759 shares of the programmable devices maker’s stock valued at $207,000 after acquiring an additional 85 shares during the period. Lyell Wealth Management LP lifted its stake in shares of Xilinx by 1.2% during the second quarter. Lyell Wealth Management LP now owns 8,212 shares of the programmable devices maker’s stock valued at $968,000 after acquiring an additional 100 shares during the period. Citizens Financial Group Inc RI lifted its stake in shares of Xilinx by 42.8% during the third quarter. Citizens Financial Group Inc RI now owns 367 shares of the programmable devices maker’s stock valued at $36,000 after acquiring an additional 110 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Xilinx by 9.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the programmable devices maker’s stock valued at $130,000 after acquiring an additional 117 shares during the period. 85.00% of the stock is currently owned by institutional investors.

In other Xilinx news, CEO Victor Peng sold 6,489 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $100.00, for a total value of $648,900.00. Following the completion of the sale, the chief executive officer now directly owns 66,887 shares in the company, valued at $6,688,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marshall C. Turner sold 3,000 shares of the stock in a transaction dated Monday, August 19th. The stock was 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 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 three months. Insiders own 0.19% of the company’s stock.

Several brokerages have recently issued reports on XLNX. Cowen cut their price target on Xilinx from $120.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Mizuho cut their price target on Xilinx from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Cascend Securities raised Xilinx from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price target on shares of Xilinx in a research note on Tuesday, October 1st. Finally, BidaskClub lowered Xilinx from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Xilinx presently has a consensus rating of “Hold” and a consensus target price of $113.26.

NASDAQ:XLNX traded down $0.26 during mid-day trading on Monday, hitting $95.24. The company had a trading volume of 126,736 shares, compared to its average volume of 3,768,574. Xilinx, Inc. has a fifty-two week low of $79.22 and a fifty-two week high of $141.60. The business’s fifty day moving average is $94.61 and its two-hundred day moving average is $107.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 5.78 and a current ratio of 6.44. The firm has a market cap of $23.99 billion, a P/E ratio of 27.37, a P/E/G ratio of 2.37 and a beta of 1.24.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share for the quarter, beating the 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 firm had revenue of $833.00 million for the quarter, compared to analyst estimates of $823.63 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts forecast that Xilinx, Inc. will post 3.35 earnings per share for the current year.

Xilinx announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the programmable devices maker to purchase up to 4.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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

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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