Cubist Systematic Strategies LLC Lowers Holdings in Xilinx, Inc. (XLNX)

Cubist Systematic Strategies LLC lessened its stake in Xilinx, Inc. (NASDAQ:XLNX) by 87.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,902 shares of the programmable devices maker’s stock after selling 20,731 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Xilinx were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of Xilinx by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares during the period. Bank of Montreal Can grew its position in shares of Xilinx by 463.9% during the 2nd quarter. Bank of Montreal Can now owns 466,572 shares of the programmable devices maker’s stock worth $30,009,000 after buying an additional 383,829 shares during the period. NN Investment Partners Holdings N.V. grew its position in shares of Xilinx by 217.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 39,326 shares of the programmable devices maker’s stock worth $2,529,000 after buying an additional 26,925 shares during the period. Creative Planning grew its position in shares of Xilinx by 52.9% during the 2nd quarter. Creative Planning now owns 12,083 shares of the programmable devices maker’s stock worth $777,000 after buying an additional 4,182 shares during the period. Finally, Hollencrest Securities LLC acquired a new stake in shares of Xilinx during the 2nd quarter worth approximately $568,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

In other news, CEO Moshe Gavrielov sold 25,000 shares of Xilinx stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total value of $1,744,000.00. Following the sale, the chief executive officer now directly owns 270,856 shares in the company, valued at $18,894,914.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 182,799 shares of company stock worth $12,945,262. Insiders own 0.40% of the company’s stock.

XLNX has been the subject of several analyst reports. Jefferies Group LLC upgraded shares of Xilinx from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $77.00 in a research report on Monday, July 10th. Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $53.00 to $60.00 in a research report on Tuesday, July 18th. BidaskClub cut shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Vetr reiterated a “hold” rating on shares of Xilinx in a research report on Thursday, July 20th. Finally, Rosenblatt Securities reiterated a “hold” rating on shares of Xilinx in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $69.73.

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Xilinx, Inc. (XLNX) opened at $72.80 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. The company has a market cap of $18,269.38, a price-to-earnings ratio of 30.72, a P/E/G ratio of 3.01 and a beta of 1.10.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The firm had revenue of $620.00 million for the quarter, compared to analyst estimates of $620.99 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. equities analysts predict that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, November 14th. Xilinx’s payout ratio is currently 59.07%.

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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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