FNY Investment Advisers LLC Purchases New Stake in Xilinx, Inc. (NASDAQ:XLNX)

FNY Investment Advisers LLC bought a new position in shares of Xilinx, Inc. (NASDAQ:XLNX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,915 shares of the programmable devices maker’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also modified their holdings of XLNX. FMR LLC raised its stake in Xilinx by 67.6% during the first quarter. FMR LLC now owns 7,672,404 shares of the programmable devices maker’s stock worth $972,785,000 after acquiring an additional 3,093,316 shares in the last quarter. BlackRock Inc. raised its stake in Xilinx by 12.2% during the first quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock worth $2,680,020,000 after acquiring an additional 2,294,950 shares in the last quarter. Swedbank acquired a new position in Xilinx during the first quarter worth about $111,757,000. Robeco Institutional Asset Management B.V. raised its stake in Xilinx by 133.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 814,492 shares of the programmable devices maker’s stock worth $96,044,000 after acquiring an additional 466,247 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Xilinx by 58.5% during the first quarter. Wells Fargo & Company MN now owns 1,252,648 shares of the programmable devices maker’s stock worth $158,823,000 after acquiring an additional 462,376 shares in the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Elizabeth W. Vanderslice sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $101.50, for a total value of $203,000.00. Following the sale, the director now directly owns 29,483 shares in the company, valued at $2,992,524.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Christopher Madden sold 435 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $105.69, for a total value of $45,975.15. Following the completion of the sale, the executive vice president now owns 4,809 shares in the company, valued at $508,263.21. The disclosure for this sale can be found here. Insiders sold 20,821 shares of company stock worth $2,377,587 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Several research analysts have commented on XLNX shares. Needham & Company LLC downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Deutsche Bank lowered their target price on Xilinx from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Mizuho boosted their target price on Xilinx from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley boosted their target price on Xilinx from $126.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird set a $128.00 target price on Xilinx and gave the stock a “buy” rating in a research note on Friday, July 26th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $119.52.

NASDAQ:XLNX opened at $110.18 on Friday. The company has a market capitalization of $28.85 billion, a PE ratio of 31.66, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. The business’s 50-day moving average price is $117.27. Xilinx, Inc. has a 1-year low of $68.76 and a 1-year high of $141.60.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The business had revenue of $849.60 million for the quarter, compared to analysts’ expectations of $849.76 million. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. Equities analysts forecast that Xilinx, Inc. will post 3.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, August 6th. Xilinx’s payout ratio is presently 42.53%.

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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