Fairfield Bush & CO. Reduces Stake in Xilinx, Inc. (XLNX)

Fairfield Bush & CO. decreased its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,195 shares of the programmable devices maker’s stock after selling 450 shares during the quarter. Fairfield Bush & CO.’s holdings in Xilinx were worth $913,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XLNX. Acrospire Investment Management LLC purchased a new stake in shares of Xilinx during the second quarter worth $103,000. Sun Life Financial INC grew its holdings in shares of Xilinx by 22,475.0% during the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Xilinx by 9,866.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares in the last quarter. Huntington National Bank grew its holdings in shares of Xilinx by 217.1% during the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Xilinx by 46.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after buying an additional 936 shares in the last quarter. 97.42% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 209,330 shares of company stock valued at $14,598,104 in the last quarter. Company insiders own 0.40% of the company’s stock.

A number of equities research analysts have recently issued reports on XLNX shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a report on Thursday, August 31st. Pacific Crest reaffirmed an “overweight” rating and set a $70.00 target price on shares of Xilinx in a report on Wednesday, June 21st. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price for the company in a report on Monday, June 19th. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Finally, Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Xilinx in a report on Friday, June 16th. Three 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 company presently has a consensus rating of “Hold” and a consensus target price of $65.76.

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Shares of Xilinx, Inc. (XLNX) traded down 0.63% during mid-day trading on Tuesday, hitting $72.11. 747,632 shares of the stock traded hands. Xilinx, Inc. has a one year low of $48.75 and a one year high of $72.85. The company has a market cap of $17.93 billion, a P/E ratio of 30.82 and a beta of 1.10. The stock has a 50 day moving average price of $67.44 and a 200-day moving average price of $64.27.

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

Xilinx Profile

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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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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