Xilinx, Inc. (XLNX) Shares Sold by Destination Wealth Management

Destination Wealth Management decreased its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,509 shares of the programmable devices maker’s stock after selling 222 shares during the period. Destination Wealth Management’s holdings in Xilinx were worth $483,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in XLNX. Russell Investments Group Ltd. boosted its holdings in shares of Xilinx by 15.0% during the 1st quarter. Russell Investments Group Ltd. now owns 86,752 shares of the programmable devices maker’s stock worth $5,026,000 after buying an additional 11,286 shares during the period. Comerica Bank boosted its holdings in shares of Xilinx by 0.5% during the 1st quarter. Comerica Bank now owns 65,591 shares of the programmable devices maker’s stock worth $4,225,000 after buying an additional 308 shares during the period. Karp Capital Management Corp bought a new stake in shares of Xilinx during the 1st quarter worth about $6,260,000. TD Asset Management Inc. boosted its holdings in shares of Xilinx by 3.4% during the 1st quarter. TD Asset Management Inc. now owns 181,431 shares of the programmable devices maker’s stock worth $10,503,000 after buying an additional 5,910 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Xilinx by 16.1% during the 1st quarter. Commerce Bank now owns 26,764 shares of the programmable devices maker’s stock worth $1,550,000 after buying an additional 3,710 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

Shares of Xilinx, Inc. (NASDAQ XLNX) traded up 1.27% during trading on Friday, hitting $68.70. 1,059,821 shares of the stock traded hands. The stock has a 50-day moving average of $63.81 and a 200 day moving average of $62.87. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $68.73. The company has a market cap of $17.08 billion, a P/E ratio of 29.36 and a beta of 1.08.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same period last year, the business earned $0.61 earnings per share. Xilinx’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Tuesday, August 8th. Xilinx’s dividend payout ratio is currently 60.09%.

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In related news, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now directly owns 12,387 shares of the company’s stock, valued at $785,088.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Several brokerages recently commented on XLNX. Instinet lifted their target price on shares of Xilinx from $45.00 to $50.00 and gave the stock a “reduce” rating in a report on Wednesday, May 24th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Pacific Crest reaffirmed an “overweight” rating and set a $70.00 target price on shares of Xilinx in a report on Wednesday, June 21st. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price for the company in a report on Monday, June 19th. Finally, BMO Capital Markets lifted their target price on shares of Xilinx from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Xilinx presently has an average rating of “Hold” and a consensus target price of $64.57.

Xilinx Company Profile

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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