Xilinx, Inc. (XLNX) Position Decreased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 355,358 shares of the programmable devices maker’s stock after selling 3,496 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Xilinx were worth $28,489,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in Xilinx by 68.8% during the 1st quarter. LPL Financial LLC now owns 12,031 shares of the programmable devices maker’s stock worth $869,000 after buying an additional 4,905 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Xilinx by 27.7% during the 1st quarter. Allianz Asset Management GmbH now owns 597,903 shares of the programmable devices maker’s stock worth $43,193,000 after buying an additional 129,671 shares in the last quarter. DnB Asset Management AS lifted its holdings in Xilinx by 7.5% during the 2nd quarter. DnB Asset Management AS now owns 30,166 shares of the programmable devices maker’s stock worth $1,969,000 after buying an additional 2,100 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Xilinx by 50.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 11,395 shares of the programmable devices maker’s stock worth $744,000 after buying an additional 3,804 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in Xilinx by 8.5% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 51,000 shares of the programmable devices maker’s stock worth $3,328,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.

In other news, insider Vincent Tong sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total value of $3,375,200.00. Following the sale, the insider now directly owns 30,223 shares in the company, valued at approximately $2,550,216.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $73.37, for a total transaction of $73,370.00. Following the completion of the sale, the vice president now owns 10,271 shares in the company, valued at $753,583.27. The disclosure for this sale can be found here. Insiders sold a total of 51,572 shares of company stock worth $4,219,493 over the last 90 days. Company insiders own 0.16% of the company’s stock.

A number of research firms have issued reports on XLNX. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Friday, October 26th. William Blair began coverage on shares of Xilinx in a report on Friday, October 26th. They set a “market perform” rating on the stock. Rosenblatt Securities upgraded shares of Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, July 26th. Bank of America upgraded shares of Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, July 26th. Finally, MKM Partners increased their target price on shares of Xilinx to $85.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. Xilinx presently has a consensus rating of “Buy” and a consensus price target of $81.67.

Shares of XLNX opened at $85.92 on Wednesday. Xilinx, Inc. has a twelve month low of $62.27 and a twelve month high of $87.64. The firm has a market capitalization of $21.53 billion, a PE ratio of 30.36, a PEG ratio of 2.73 and a beta of 0.86. The company has a current ratio of 4.26, a quick ratio of 4.00 and a debt-to-equity ratio of 0.49.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. The business had revenue of $746.25 million for the quarter, compared to analyst estimates of $710.33 million. Equities analysts expect that Xilinx, Inc. will post 3.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Xilinx’s payout ratio is 50.88%.

ILLEGAL ACTIVITY NOTICE: “Xilinx, Inc. (XLNX) Position Decreased by State Board of Administration of Florida Retirement System” was originally posted by WKRB News and is owned by of WKRB News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.wkrb13.com/2018/11/07/xilinx-inc-xlnx-position-decreased-by-state-board-of-administration-of-florida-retirement-system.html.

About Xilinx

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.

See Also: Return on Investment (ROI) Defined, Explained

Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply