Geode Capital Management LLC Boosts Holdings in Xilinx, Inc. (XLNX)

Geode Capital Management LLC raised its stake in Xilinx, Inc. (NASDAQ:XLNX) by 13.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,888,197 shares of the programmable devices maker’s stock after buying an additional 453,619 shares during the quarter. Geode Capital Management LLC’s holdings in Xilinx were worth $330,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. San Francisco Sentry Investment Group CA increased its position in Xilinx by 5.7% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,729 shares of the programmable devices maker’s stock valued at $148,000 after acquiring an additional 94 shares in the last quarter. Elefante Mark B increased its position in Xilinx by 1.4% in the 4th quarter. Elefante Mark B now owns 7,010 shares of the programmable devices maker’s stock valued at $597,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Xilinx by 1.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 5,371 shares of the programmable devices maker’s stock valued at $457,000 after acquiring an additional 100 shares in the last quarter. SP Asset Management increased its position in Xilinx by 0.4% in the 4th quarter. SP Asset Management now owns 23,786 shares of the programmable devices maker’s stock valued at $2,026,000 after acquiring an additional 102 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in Xilinx by 42.8% in the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

Shares of NASDAQ XLNX opened at $105.71 on Wednesday. The company has a market cap of $26.60 billion, a P/E ratio of 30.38, a PEG ratio of 2.23 and a beta of 1.12. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. Xilinx, Inc. has a 52-week low of $64.15 and a 52-week high of $141.60.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.02). The firm had revenue of $828.36 million for the quarter, compared to analyst estimates of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Xilinx, Inc. will post 3.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. This is a boost from Xilinx’s previous quarterly dividend of $0.36. Xilinx’s payout ratio is currently 42.53%.

In related news, SVP Mark Wadlington sold 2,241 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the transaction, the senior vice president now owns 1,834 shares in the company, valued at $244,105.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William Christopher Madden sold 435 shares of Xilinx stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $105.69, for a total transaction of $45,975.15. Following the completion of the transaction, the executive vice president now directly owns 4,809 shares in the company, valued at approximately $508,263.21. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.

XLNX has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Xilinx from $101.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. SunTrust Banks lifted their price target on shares of Xilinx to $102.00 and gave the stock a “hold” rating in a research report on Thursday, January 24th. ValuEngine upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Argus lifted their price target on shares of Xilinx to $130.00 and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, Robert W. Baird lifted their price target on shares of Xilinx from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $115.52.

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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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