Fairfield Bush & CO. cut its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,107 shares of the programmable devices maker’s stock after selling 2,550 shares during the quarter. Fairfield Bush & CO.’s holdings in Xilinx were worth $1,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in Xilinx in the fourth quarter valued at approximately $3,055,000. Checchi Capital Advisers LLC increased its position in Xilinx by 5.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 2,590 shares of the programmable devices maker’s stock worth $202,000 after purchasing an additional 130 shares in the last quarter. Western Wealth Management LLC increased its position in Xilinx by 4.1% during the 1st quarter. Western Wealth Management LLC now owns 3,376 shares of the programmable devices maker’s stock worth $267,000 after purchasing an additional 133 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Xilinx by 4.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,434 shares of the programmable devices maker’s stock worth $336,000 after purchasing an additional 141 shares in the last quarter. Finally, SP Asset Management grew its holdings in Xilinx by 0.7% in the 1st quarter. SP Asset Management now owns 23,166 shares of the programmable devices maker’s stock valued at $1,806,000 after buying an additional 169 shares during the period. 82.60% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Mark Wadlington sold 2,236 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $84.57, for a total value of $189,098.52. Following the transaction, the senior vice president now owns 3,959 shares of the company’s stock, valued at approximately $334,812.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Catia Hagopian sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.41, for a total transaction of $108,492.00. Following the completion of the transaction, the vice president now directly owns 15,770 shares in the company, valued at approximately $1,425,765.70. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on the company. Rosenblatt Securities reduced their price objective on Xilinx from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. ValuEngine downgraded Xilinx from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Mizuho lowered their price target on Xilinx from $98.00 to $94.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Citigroup lowered their price target on Xilinx from $90.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Finally, Barclays lowered their price objective on Xilinx from $110.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, April 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.22.

NASDAQ XLNX traded up $2.02 on Wednesday, hitting $95.12. 227,978 shares of the company’s stock were exchanged, compared to its average volume of 2,422,738. The stock has a 50-day moving average of $87.06 and a 200-day moving average of $88.77. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 3.72 and a beta of 0.98. The company has a current ratio of 2.68, a quick ratio of 2.40 and a debt-to-equity ratio of 0.32. Xilinx, Inc. has a 52 week low of $67.68 and a 52 week high of $133.00.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, April 22nd. The programmable devices maker reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.09. The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $751.53 million. Xilinx had a return on equity of 33.25% and a net margin of 25.07%. Xilinx’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. As a group, analysts predict that Xilinx, Inc. will post 2.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, May 12th. This is a boost from Xilinx’s previous quarterly dividend of $0.37. Xilinx’s dividend payout ratio is 45.37%.

Xilinx Company 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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