Worth Venture Partners LLC Takes Position in Xilinx, Inc. (XLNX)

Worth Venture Partners LLC acquired a new position in shares of Xilinx, Inc. (NASDAQ:XLNX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,955 shares of the programmable devices maker’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in shares of Xilinx during the 2nd quarter worth $103,000. Sun Life Financial INC boosted its holdings in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the period. Huntington National Bank boosted its holdings in shares of Xilinx by 217.1% during the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Xilinx by 46.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after buying an additional 936 shares during the period. Finally, Comerica Securities Inc. bought a new stake in shares of Xilinx during the 2nd quarter worth $202,000. 96.11% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now owns 270,856 shares in the company, valued at approximately $18,894,914.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total transaction of $209,922.44. Following the sale, the chief financial officer now owns 28,313 shares of the company’s stock, valued at approximately $2,101,673.99. The disclosure for this sale can be found here. Insiders have sold a total of 185,627 shares of company stock valued at $13,155,185 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

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Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Robert W. Baird reissued a “hold” rating and issued a $68.00 price target on shares of Xilinx in a report on Friday, October 27th. Barclays PLC increased their price target on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank AG increased their price target on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $80.00 price target on shares of Xilinx in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.73.

Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up $0.46 during trading on Tuesday, hitting $72.33. 1,442,800 shares of the company were exchanged, compared to its average volume of 2,690,658. The firm has a market cap of $18,035.98, a PE ratio of 30.33, a P/E/G ratio of 2.97 and a beta of 1.10. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70. Xilinx, Inc. has a 1-year low of $51.67 and a 1-year high of $75.14.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $620.00 million during the quarter, compared to analysts’ expectations of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. equities analysts predict that Xilinx, Inc. will post 2.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 14th. Xilinx’s dividend payout ratio (DPR) is currently 59.07%.

About Xilinx

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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