TrinityPoint Wealth LLC Cuts Stake in Xilinx, Inc. (XLNX)

TrinityPoint Wealth LLC lowered its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 12.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,840 shares of the programmable devices maker’s stock after selling 408 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Xilinx were worth $360,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Xilinx in the first quarter worth $25,000. ETF Managers Group LLC increased its stake in shares of Xilinx by 10.9% in the first quarter. ETF Managers Group LLC now owns 2,001 shares of the programmable devices maker’s stock worth $254,000 after acquiring an additional 196 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Xilinx by 19.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 106,487 shares of the programmable devices maker’s stock worth $13,501,000 after acquiring an additional 17,302 shares during the period. Mason Street Advisors LLC increased its stake in shares of Xilinx by 1.2% in the first quarter. Mason Street Advisors LLC now owns 36,117 shares of the programmable devices maker’s stock worth $4,579,000 after acquiring an additional 442 shares during the period. Finally, Cadence Capital Management LLC increased its stake in shares of Xilinx by 1.6% in the first quarter. Cadence Capital Management LLC now owns 13,335 shares of the programmable devices maker’s stock worth $1,691,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 88.27% of the company’s stock.

XLNX opened at $104.76 on Friday. The company has a current ratio of 8.19, a quick ratio of 7.53 and a debt-to-equity ratio of 0.43. The firm has a market cap of $26.60 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.23 and a beta of 1.12. Xilinx, Inc. has a 52-week low of $64.15 and a 52-week high of $141.60.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.02). The company had revenue of $828.36 million for the quarter, compared to analysts’ expectations of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. On average, research analysts anticipate that Xilinx, Inc. will post 3.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.41%. This is an increase from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, May 15th. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.

XLNX has been the topic of a number of research reports. Goldman Sachs Group lowered shares of Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research note on Thursday, April 25th. Cowen restated a “market perform” rating and set a $120.00 price target (down previously from $130.00) on shares of Xilinx in a research report on Thursday, April 25th. BMO Capital Markets raised their price target on shares of Xilinx to $100.00 and gave the company an “outperform” rating in a research report on Thursday, January 24th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Xilinx in a research report on Thursday, January 24th. Finally, Argus raised their price target on shares of Xilinx to $130.00 and gave the company a “buy” rating in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $115.52.

In other Xilinx news, SVP Mark Wadlington sold 2,241 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at $244,105.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William Christopher Madden sold 435 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 4,809 shares in the company, valued at $508,263.21. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

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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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