SeaCrest Wealth Management LLC Trims Stake in Xilinx, Inc. (NASDAQ:XLNX)

SeaCrest Wealth Management LLC reduced its position in Xilinx, Inc. (NASDAQ:XLNX) by 11.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,811 shares of the programmable devices maker’s stock after selling 369 shares during the period. SeaCrest Wealth Management LLC’s holdings in Xilinx were worth $332,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Xilinx by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the programmable devices maker’s stock valued at $1,699,000 after purchasing an additional 100 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in shares of Xilinx by 0.7% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 16,682 shares of the programmable devices maker’s stock valued at $2,115,000 after purchasing an additional 109 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Xilinx by 6.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,627 shares of the programmable devices maker’s stock valued at $333,000 after purchasing an additional 148 shares during the last quarter. Commerce Bank lifted its holdings in shares of Xilinx by 0.5% in the 1st quarter. Commerce Bank now owns 28,734 shares of the programmable devices maker’s stock valued at $3,643,000 after purchasing an additional 149 shares during the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in shares of Xilinx by 1.5% in the 2nd quarter. Naples Global Advisors LLC now owns 10,447 shares of the programmable devices maker’s stock valued at $1,232,000 after purchasing an additional 150 shares during the last quarter. 84.79% of the stock is owned by institutional investors and hedge funds.

XLNX has been the topic of several recent research reports. SunTrust Banks boosted their price target on Xilinx to $126.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Goldman Sachs Group cut Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research report on Thursday, April 25th. Robert W. Baird set a $128.00 price target on Xilinx and gave the company a “buy” rating in a research report on Friday, July 26th. BidaskClub cut Xilinx from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Needham & Company LLC cut Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Fourteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and a consensus target price of $119.52.

NASDAQ XLNX traded down $3.28 on Friday, hitting $110.18. 4,450,328 shares of the company’s stock were exchanged, compared to its average volume of 2,849,533. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $117.27. Xilinx, Inc. has a fifty-two week low of $68.76 and a fifty-two week high of $141.60. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, topping 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 company had revenue of $849.60 million for the quarter, compared to analysts’ expectations of $849.76 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. As a group, equities analysts expect that Xilinx, Inc. will post 3.77 EPS for the current year.

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

In related news, EVP William Christopher Madden sold 435 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $105.69, for a total value of $45,975.15. Following the sale, the executive vice president now owns 4,809 shares in the company, valued at approximately $508,263.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Salil Raje sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $120.78, for a total value of $603,900.00. Following the completion of the sale, the executive vice president now owns 24,455 shares in the company, valued at approximately $2,953,674.90. The disclosure for this sale can be found here. Insiders have sold a total of 20,821 shares of company stock worth $2,377,587 in the last quarter. 0.19% of the stock is currently owned by insiders.

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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