Xilinx, Inc. (XLNX) Position Lessened by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 94.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,400 shares of the programmable devices maker’s stock after selling 1,046,300 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Xilinx were worth $4,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new position in shares of Xilinx in the 2nd quarter valued at about $103,000. Sun Life Financial INC increased its position in shares of Xilinx by 22,475.0% during the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after acquiring an additional 1,798 shares during the period. Huntington National Bank boosted its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after acquiring an additional 1,913 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Xilinx by 46.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after acquiring an additional 936 shares during the last quarter. Finally, Comerica Securities Inc. purchased a new position in shares of Xilinx in the 2nd quarter valued at $202,000. Institutional investors own 95.23% of the company’s stock.

Several research firms have commented on XLNX. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp set a $78.00 price objective on shares of Xilinx and gave the company a “buy” rating in a research note on Wednesday, October 11th. BMO Capital Markets reissued a “buy” rating and set a $80.00 price objective on shares of Xilinx in a report on Wednesday, October 18th. MKM Partners increased their price target on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Xilinx in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $69.73.

In other news, Director Elizabeth W. Vanderslice sold 2,500 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.20, for a total transaction of $180,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the sale, the chief executive officer now owns 270,856 shares of the company’s stock, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,127 shares of company stock worth $15,135,685. Insiders own 0.40% of the company’s stock.

Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at $68.39 on Thursday. Xilinx, Inc. has a 1 year low of $54.41 and a 1 year high of $75.14. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $17,170.20, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.83 and a beta of 1.07.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, November 14th. Xilinx’s dividend payout ratio is currently 59.07%.

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Xilinx 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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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