Pacer Advisors Inc. Grows Position in Xilinx, Inc. (NASDAQ:XLNX)

Pacer Advisors Inc. increased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 8.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,391 shares of the programmable devices maker’s stock after buying an additional 3,594 shares during the quarter. Pacer Advisors Inc.’s holdings in Xilinx were worth $4,257,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XLNX. Krane Funds Advisors LLC purchased a new position in Xilinx during the 2nd quarter worth approximately $29,000. Citizens Financial Group Inc RI grew its stake in shares of Xilinx by 114.2% in the 2nd quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Lenox Wealth Advisors LLC purchased a new position in shares of Xilinx in the 2nd quarter valued at approximately $33,000. FinTrust Capital Advisors LLC grew its stake in shares of Xilinx by 168.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 276 shares of the programmable devices maker’s stock valued at $33,000 after purchasing an additional 173 shares during the last quarter. Finally, Cribstone Capital Management LLC grew its stake in shares of Xilinx by 181.3% in the 2nd quarter. Cribstone Capital Management LLC now owns 450 shares of the programmable devices maker’s stock valued at $53,000 after purchasing an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.

In other news, EVP Vincent Tong sold 8,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $105.00, for a total transaction of $840,000.00. Following the completion of the sale, the executive vice president now owns 36,775 shares in the company, valued at approximately $3,861,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Emre Onder sold 2,222 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $120.78, for a total value of $268,373.16. Following the sale, the senior vice president now owns 3,239 shares of the company’s stock, valued at approximately $391,206.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,711 shares of company stock valued at $2,804,633. 0.19% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on XLNX. Barclays reduced their price target on Xilinx from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of Xilinx in a report on Wednesday, October 2nd. Benchmark began coverage on Xilinx in a report on Tuesday, July 23rd. They issued a “hold” rating for the company. SunTrust Banks cut their price target on Xilinx from $127.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, October 2nd. Finally, Mizuho reissued a “buy” rating and issued a $140.00 price target on shares of Xilinx in a report on Sunday, August 18th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. Xilinx has a consensus rating of “Hold” and an average target price of $119.14.

NASDAQ:XLNX opened at $96.22 on Friday. The firm has a market capitalization of $22.86 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The stock has a 50 day moving average of $99.84 and a 200-day moving average of $112.24. Xilinx, Inc. has a 52 week low of $68.76 and a 52 week high of $141.60. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The business had revenue of $849.60 million during the quarter, compared to analyst estimates of $849.76 million. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, analysts predict that Xilinx, Inc. will post 3.74 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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