Sheaff Brock Investment Advisors LLC Invests $568,000 in Xilinx, Inc. (XLNX)

Sheaff Brock Investment Advisors LLC bought a new stake in Xilinx, Inc. (NASDAQ:XLNX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,428 shares of the programmable devices maker’s stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Xilinx by 3.1% in the fourth quarter. BlackRock Inc. now owns 17,520,566 shares of the programmable devices maker’s stock worth $1,181,236,000 after purchasing an additional 525,871 shares in the last quarter. Alkeon Capital Management LLC raised its position in Xilinx by 0.4% in the third quarter. Alkeon Capital Management LLC now owns 2,494,138 shares of the programmable devices maker’s stock worth $176,660,000 after purchasing an additional 10,000 shares in the last quarter. Pictet Asset Management Ltd. raised its position in Xilinx by 67.6% in the third quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock worth $163,044,000 after purchasing an additional 928,405 shares in the last quarter. Bank of New York Mellon Corp raised its position in Xilinx by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,048,881 shares of the programmable devices maker’s stock worth $138,136,000 after purchasing an additional 24,623 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Xilinx by 6.5% in the third quarter. Legal & General Group Plc now owns 1,313,981 shares of the programmable devices maker’s stock worth $93,067,000 after purchasing an additional 79,891 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

In other news, CEO Moshe Gavrielov sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the sale, the chief executive officer now directly owns 62,813 shares of the company’s stock, valued at $4,761,853.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Tong sold 19,687 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $73.52, for a total transaction of $1,447,388.24. Following the sale, the insider now directly owns 55,403 shares in the company, valued at $4,073,228.56. The disclosure for this sale can be found here. Insiders have sold 43,987 shares of company stock worth $3,271,984 over the last three months. 0.40% of the stock is owned by insiders.

Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at $70.05 on Friday. Xilinx, Inc. has a 52 week low of $54.99 and a 52 week high of $77.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08. The company has a market cap of $17,564.41, a P/E ratio of 26.41, a PEG ratio of 3.57 and a beta of 1.13.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.58). Xilinx had a net margin of 20.20% and a return on equity of 27.61%. 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 earnings per share. Xilinx’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts anticipate that Xilinx, Inc. will post 2.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.00%. Xilinx’s dividend payout ratio (DPR) is currently 73.68%.

Several research firms recently issued reports on XLNX. Wells Fargo & Co increased their price target on shares of Xilinx from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. KeyCorp reissued an “overweight” rating and issued a $87.00 price target (up previously from $78.00) on shares of Xilinx in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Xilinx from $67.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Mizuho reissued a “buy” rating and issued a $74.00 price target (up previously from $69.00) on shares of Xilinx in a research report on Thursday, January 25th. Finally, Bank of America raised their price objective on shares of Xilinx from $61.00 to $70.00 and gave the stock an “underperform” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.45.

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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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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