Patten & Patten Inc. TN lessened its position in Xilinx, Inc. (NASDAQ:XLNX) by 5.4% in the third quarter, HoldingsChannel.com reports. The fund owned 86,567 shares of the programmable devices maker’s stock after selling 4,973 shares during the period. Patten & Patten Inc. TN’s holdings in Xilinx were worth $8,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in shares of Xilinx in the 2nd quarter valued at about $29,000. Citizens Financial Group Inc RI grew its position in shares of Xilinx by 114.2% in the 2nd quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock valued at $30,000 after acquiring an additional 137 shares during the period. Lenox Wealth Advisors LLC bought a new position in shares of Xilinx in the 2nd quarter valued at about $33,000. FinTrust Capital Advisors LLC grew its position in shares of Xilinx by 168.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 276 shares of the programmable devices maker’s stock valued at $33,000 after acquiring an additional 173 shares during the period. Finally, Cribstone Capital Management LLC boosted its holdings in shares of Xilinx by 181.3% during the 2nd quarter. Cribstone Capital Management LLC now owns 450 shares of the programmable devices maker’s stock worth $53,000 after buying an additional 290 shares during the period. 84.86% of the stock is owned by institutional investors.
XLNX has been the subject of several research analyst reports. ValuEngine downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. SunTrust Banks reduced their target price on shares of Xilinx from $127.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, October 2nd. Nomura raised shares of Xilinx from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday. KeyCorp reaffirmed an “overweight” rating and set a $130.00 target price (down previously from $140.00) on shares of Xilinx in a report on Monday, August 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Xilinx in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $119.14.
NASDAQ XLNX traded up $1.00 during trading on Tuesday, reaching $96.93. The company’s stock had a trading volume of 2,383,435 shares, compared to its average volume of 3,782,833. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $24.33 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.25. Xilinx, Inc. has a 12 month low of $68.76 and a 12 month high of $141.60. The firm has a 50 day moving average price of $99.45 and a 200 day moving average price of $111.79.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $849.60 million during the quarter, compared to the consensus estimate of $849.76 million. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities analysts forecast that Xilinx, Inc. will post 3.72 EPS for the current fiscal year.
In other news, EVP Vincent Tong sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $105.00, for a total value of $840,000.00. Following the completion of the transaction, the executive vice president now directly owns 36,775 shares in the company, valued at approximately $3,861,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Victor Peng sold 6,489 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $100.00, for a total transaction of $648,900.00. Following the completion of the transaction, the chief executive officer now owns 66,887 shares of the company’s stock, valued at $6,688,700. The disclosure for this sale can be found here. Insiders sold a total of 25,711 shares of company stock valued at $2,804,633 in the last three months. Insiders own 0.19% of the company’s stock.
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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