Earnest Partners LLC Has $61.76 Million Position in Xilinx, Inc. (XLNX)

Earnest Partners LLC lowered its stake in Xilinx, Inc. (NASDAQ:XLNX) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 871,990 shares of the programmable devices maker’s stock after selling 2,840 shares during the quarter. Earnest Partners LLC owned approximately 0.35% of Xilinx worth $61,763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bronfman E.L. Rothschild L.P. boosted its position in Xilinx by 2.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock worth $267,000 after acquiring an additional 87 shares during the period. Nordea Investment Management AB boosted its position in Xilinx by 1.2% during the 2nd quarter. Nordea Investment Management AB now owns 11,622 shares of the programmable devices maker’s stock worth $748,000 after acquiring an additional 135 shares during the period. Sentry Investment Management LLC boosted its position in Xilinx by 0.8% during the 2nd quarter. Sentry Investment Management LLC now owns 18,963 shares of the programmable devices maker’s stock worth $1,220,000 after acquiring an additional 151 shares during the period. Advisor Group Inc. boosted its position in Xilinx by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 10,389 shares of the programmable devices maker’s stock worth $669,000 after acquiring an additional 239 shares during the period. Finally, Advisory Services Network LLC boosted its position in Xilinx by 5.9% during the 2nd quarter. Advisory Services Network LLC now owns 4,459 shares of the programmable devices maker’s stock worth $287,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at $68.54 on Friday. Xilinx, Inc. has a 1-year low of $54.99 and a 1-year high of $75.14. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $17,315.75, a P/E ratio of 29.11, a P/E/G ratio of 2.85 and a beta of 1.07.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.04%. Xilinx’s dividend payout ratio (DPR) is currently 59.07%.

A number of equities research analysts have commented on XLNX shares. BMO Capital Markets restated a “buy” rating and set a $80.00 price objective on shares of Xilinx in a research report on Wednesday, October 18th. KeyCorp set a $78.00 price objective on Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Friday, October 27th. Barclays raised their price objective on Xilinx from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and set a $68.00 price target on shares of Xilinx in a report on Friday, October 27th. 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. Xilinx has a consensus rating of “Hold” and a consensus price target of $69.73.

In related news, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $70.73, for a total value of $8,586,622.00. Following the completion of the sale, the chief executive officer now directly owns 164,304 shares in the company, valued at approximately $11,621,221.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total value of $180,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,127 shares of company stock valued at $15,135,685. Corporate insiders own 0.40% of the company’s stock.

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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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