Xilinx, Inc. (XLNX) Position Lowered by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 50.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,007 shares of the programmable devices maker’s stock after selling 11,145 shares during the period. Kentucky Retirement Systems’ holdings in Xilinx were worth $937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC bought a new stake in Xilinx during the 4th quarter valued at $25,000. Ropes Wealth Advisors LLC grew its holdings in shares of Xilinx by 42.8% in the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock worth $30,000 after acquiring an additional 107 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Xilinx by 2,925.0% in the 4th quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock worth $41,000 after acquiring an additional 468 shares during the last quarter. Essex Savings Bank acquired a new position in shares of Xilinx in the 4th quarter worth $68,000. Finally, Oakworth Capital Inc. grew its holdings in shares of Xilinx by 226.1% in the 4th quarter. Oakworth Capital Inc. now owns 825 shares of the programmable devices maker’s stock worth $71,000 after acquiring an additional 572 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Mark Wadlington sold 2,241 shares of Xilinx stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.10, for a total value of $298,277.10. Following the transaction, the senior vice president now directly owns 1,834 shares in the company, valued at $244,105.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Shares of NASDAQ:XLNX traded down $0.87 on Friday, reaching $134.95. The company had a trading volume of 4,030,901 shares, compared to its average volume of 2,950,901. Xilinx, Inc. has a twelve month low of $62.54 and a twelve month high of $137.23. The stock has a market capitalization of $34.16 billion, a P/E ratio of 47.69, a P/E/G ratio of 2.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.38 and a quick ratio of 4.08.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $800.00 million during the quarter, compared to analysts’ expectations of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, research analysts expect that Xilinx, Inc. will post 3.49 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Deutsche Bank lifted their target price on Xilinx from $90.00 to $125.00 and gave the stock a “hold” rating in a report on Wednesday. KeyCorp restated a “positive” rating and issued a $145.00 target price (up from $140.00) on shares of Xilinx in a report on Tuesday, April 2nd. Nomura began coverage on Xilinx in a report on Tuesday, April 2nd. They set a “neutral” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Thursday, April 4th. Finally, BMO Capital Markets downgraded Xilinx from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $100.00 to $125.00 in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $108.43.

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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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