Investors Sell Xilinx (XLNX) on Strength (XLNX)

Investors sold shares of Xilinx, Inc. (NASDAQ:XLNX) on strength during trading hours on Monday. $33.12 million flowed into the stock on the tick-up and $57.45 million flowed out of the stock on the tick-down, for a money net flow of $24.33 million out of the stock. Of all companies tracked, Xilinx had the 19th highest net out-flow for the day. Xilinx traded up $0.24 for the day and closed at $72.18

XLNX has been the subject of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $87.00 target price (up previously from $78.00) on shares of Xilinx in a report on Tuesday, January 23rd. Deutsche Bank upped their target price on shares of Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Goldman Sachs Group raised shares of Xilinx from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. MKM Partners upped their target price on shares of Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a report on Sunday, October 8th. Finally, Barclays reaffirmed a “hold” rating and issued a $70.00 target price on shares of Xilinx in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Xilinx presently has a consensus rating of “Hold” and an average target price of $73.45.

The firm has a market cap of $18,110.00, a price-to-earnings ratio of 37.99, a P/E/G ratio of 3.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, January 24th. The programmable devices maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.58). Xilinx had a net margin of 1.89% and a return on equity of 1.98%. The company had revenue of $631.00 million for the quarter, compared to the consensus estimate of $630.00 million. During the same period last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts predict that Xilinx, Inc. will post 2.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Tuesday, February 6th. Xilinx’s dividend payout ratio (DPR) is presently 73.68%.

In other news, insider Victor Peng sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.00, for a total transaction of $1,800,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Lorenzo Flores sold 2,828 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total transaction of $209,922.44. Following the sale, the chief financial officer now owns 28,313 shares in the company, valued at $2,101,673.99. The disclosure for this sale can be found here. Insiders have sold a total of 50,328 shares of company stock valued at $3,706,622 in the last three months. Insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in XLNX. Janus Henderson Group PLC raised its position in shares of Xilinx by 743.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after buying an additional 6,423,813 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Xilinx by 67.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after buying an additional 928,405 shares in the last quarter. Balyasny Asset Management LLC raised its position in shares of Xilinx by 248.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 461,644 shares of the programmable devices maker’s stock valued at $29,693,000 after buying an additional 329,056 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Xilinx by 4,092.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 259,962 shares of the programmable devices maker’s stock valued at $18,413,000 after buying an additional 253,762 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Xilinx during the 3rd quarter valued at about $13,824,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

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About Xilinx

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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