Voya Investment Management LLC Grows Position in Xilinx, Inc. (NASDAQ:XLNX)

Voya Investment Management LLC raised its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,306 shares of the programmable devices maker’s stock after buying an additional 879 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Xilinx worth $13,743,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. grew its holdings in shares of Xilinx by 28.9% in the third quarter. Pinnacle Financial Partners Inc. now owns 2,396 shares of the programmable devices maker’s stock valued at $230,000 after purchasing an additional 537 shares during the period. Baker Ellis Asset Management LLC purchased a new stake in shares of Xilinx in the second quarter valued at about $136,000. Mackay Shields LLC grew its holdings in shares of Xilinx by 3.9% in the third quarter. Mackay Shields LLC now owns 44,473 shares of the programmable devices maker’s stock valued at $4,265,000 after purchasing an additional 1,682 shares during the period. CNB Bank grew its holdings in shares of Xilinx by 453.5% in the third quarter. CNB Bank now owns 548 shares of the programmable devices maker’s stock valued at $53,000 after purchasing an additional 449 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Xilinx by 54.4% in the third quarter. IFM Investors Pty Ltd now owns 27,780 shares of the programmable devices maker’s stock valued at $2,664,000 after purchasing an additional 9,792 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

XLNX has been the subject of a number of analyst reports. Cascend Securities raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, October 22nd. Barclays dropped their price objective on shares of Xilinx from $100.00 to $91.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. BidaskClub lowered shares of Xilinx from a “sell” rating to a “strong sell” rating in a report on Saturday, November 2nd. Cowen dropped their price objective on shares of Xilinx from $120.00 to $90.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Bank of America lowered shares of Xilinx from a “buy” rating to a “neutral” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $115.95.

In other Xilinx news, SVP Emre Onder sold 1,337 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $96.79, for a total transaction of $129,408.23. Following the completion of the transaction, the senior vice president now owns 4,340 shares of the company’s stock, valued at $420,068.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Saar Gillai sold 3,400 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $96.65, for a total transaction of $328,610.00. Following the transaction, the director now directly owns 7,712 shares of the company’s stock, valued at approximately $745,364.80. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Shares of XLNX stock opened at $90.27 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.44 and a quick ratio of 5.78. The firm has a market cap of $23.33 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. The company has a 50-day moving average of $93.60 and a two-hundred day moving average of $104.01. Xilinx, Inc. has a 1-year low of $79.22 and a 1-year high of $141.60.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company had revenue of $833.00 million during the quarter, compared to analyst estimates of $823.63 million. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. Xilinx’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. Sell-side analysts anticipate that Xilinx, Inc. will post 3.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, November 8th. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.

Xilinx announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the programmable devices maker to buy up to 4.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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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