Xilinx, Inc. (XLNX) Shares Sold by Aviva PLC

Aviva PLC lowered its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 123,176 shares of the programmable devices maker’s stock after selling 5,043 shares during the period. Aviva PLC’s holdings in Xilinx were worth $9,875,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Xilinx in the third quarter valued at $108,000. Itau Unibanco Holding S.A. purchased a new stake in Xilinx in the second quarter valued at $123,000. Psagot Investment House Ltd. raised its position in Xilinx by 57.3% in the third quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock valued at $164,000 after purchasing an additional 744 shares during the period. ClariVest Asset Management LLC acquired a new stake in shares of Xilinx in the second quarter valued at $149,000. Finally, Oak Grove Capital LLC acquired a new stake in shares of Xilinx in the third quarter valued at $188,000. Institutional investors own 88.11% of the company’s stock.

A number of brokerages have recently weighed in on XLNX. Robert W. Baird raised Xilinx from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $71.00 to $90.00 in a research note on Tuesday, August 28th. MKM Partners lifted their price objective on Xilinx to $85.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. BidaskClub raised Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. Barclays lifted their price objective on Xilinx from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 25th. Finally, Citigroup lifted their price objective on Xilinx from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Xilinx has an average rating of “Buy” and an average target price of $82.95.

In related news, SVP Emre Onder sold 1,734 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $77.15, for a total transaction of $133,778.10. Following the completion of the transaction, the senior vice president now directly owns 1,419 shares of the company’s stock, valued at approximately $109,475.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Tong sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the transaction, the insider now directly owns 30,223 shares of the company’s stock, valued at $2,550,216.74. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

XLNX opened at $94.63 on Tuesday. Xilinx, Inc. has a 12 month low of $62.27 and a 12 month high of $95.18. The firm has a market cap of $23.40 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.96 and a beta of 0.89. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. The firm had revenue of $746.25 million during the quarter, compared to analysts’ expectations of $710.33 million. As a group, research analysts forecast that Xilinx, Inc. will post 3.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 annualized dividend and a yield of 1.52%. Xilinx’s payout ratio is 50.88%.

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Xilinx Profile

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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