Fulton Breakefield Broenniman LLC Decreases Stake in Xilinx, Inc. (NASDAQ:XLNX)

Fulton Breakefield Broenniman LLC lowered its stake in Xilinx, Inc. (NASDAQ:XLNX) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,968 shares of the programmable devices maker’s stock after selling 2,336 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Xilinx were worth $5,079,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Winslow Capital Management LLC purchased a new stake in Xilinx during the first quarter worth about $203,769,000. Marshall Wace North America L.P. bought a new stake in Xilinx during the first quarter valued at $49,023,000. Vanguard Group Inc. boosted its stake in Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Xilinx by 631.1% in the first quarter. Pictet Asset Management Ltd. now owns 926,894 shares of the programmable devices maker’s stock worth $53,658,000 after buying an additional 800,106 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock worth $409,062,000 after buying an additional 764,384 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Xilinx, Inc. (XLNX) traded down 0.49% during midday trading on Friday, hitting $61.02. 1,686,112 shares of the stock traded hands. The stock’s 50-day moving average price is $64.24 and its 200 day moving average price is $62.10. Xilinx, Inc. has a 52 week low of $48.75 and a 52 week high of $68.68. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 26.08 and a beta of 1.09.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. Xilinx’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.29%. Xilinx’s dividend payout ratio is presently 60.09%.

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A number of brokerages have commented on XLNX. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and set a $69.00 price objective (up previously from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.57.

In other news, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Moshe Gavrielov sold 400 shares of Xilinx stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.73, for a total value of $27,092.00. Following the completion of the transaction, the chief executive officer now owns 235,366 shares in the company, valued at approximately $15,941,339.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,931 shares of company stock valued at $2,422,890. Corporate insiders own 0.40% of the company’s stock.

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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