Crossmark Global Holdings Inc. Cuts Holdings in Xilinx, Inc. (XLNX)

Crossmark Global Holdings Inc. lessened its stake in Xilinx, Inc. (NASDAQ:XLNX) by 3.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 23,773 shares of the programmable devices maker’s stock after selling 961 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Xilinx were worth $3,014,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XLNX. Stonebridge Capital Management Inc. purchased a new stake in shares of Xilinx in the 1st quarter valued at $216,000. Hall Laurie J Trustee boosted its stake in shares of Xilinx by 1.0% in the 1st quarter. Hall Laurie J Trustee now owns 33,085 shares of the programmable devices maker’s stock valued at $4,195,000 after purchasing an additional 325 shares in the last quarter. Executive Wealth Management LLC boosted its stake in shares of Xilinx by 61.1% in the 1st quarter. Executive Wealth Management LLC now owns 10,191 shares of the programmable devices maker’s stock valued at $1,292,000 after purchasing an additional 3,867 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Xilinx in the 1st quarter valued at $228,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Xilinx by 252.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 348,245 shares of the programmable devices maker’s stock valued at $44,157,000 after purchasing an additional 249,490 shares in the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ XLNX opened at $116.70 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.19 and a quick ratio of 7.53. Xilinx, Inc. has a 12 month low of $64.15 and a 12 month high of $141.60. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.56 and a beta of 1.12.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.02). Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The company had revenue of $828.36 million during the quarter, compared to the consensus estimate of $826.51 million. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities research analysts expect that Xilinx, Inc. will post 3.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, May 15th. This is a positive change from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 1.27%. Xilinx’s dividend payout ratio is 41.38%.

In other Xilinx news, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $133.10, for a total value of $298,277.10. Following the completion of the transaction, the senior vice president now directly owns 1,834 shares in the company, valued at approximately $244,105.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Thursday, April 4th. KeyCorp reissued a “positive” rating and set a $145.00 price target (up previously from $140.00) on shares of Xilinx in a research report on Tuesday, April 2nd. Deutsche Bank increased their price target on shares of Xilinx from $90.00 to $125.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Mizuho increased their price target on shares of Xilinx from $107.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Finally, Credit Suisse Group increased their price target on shares of Xilinx from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $115.96.

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About Xilinx

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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