Xilinx (XLNX) Shares Gap Down on Insider Selling

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Xilinx, Inc. (NASDAQ:XLNX)’s share price gapped down before the market opened on Monday following insider selling activity. The stock had previously closed at $108.53, but opened at $104.76. Xilinx shares last traded at $101.03, with a volume of 10285595 shares traded.

Specifically, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $133.10, for a total transaction of $298,277.10. Following the transaction, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William Christopher Madden sold 435 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $105.69, for a total value of $45,975.15. Following the transaction, the executive vice president now directly owns 4,809 shares in the company, valued at $508,263.21. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on XLNX. BMO Capital Markets dropped their price target on Xilinx from $125.00 to $115.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 15th. ValuEngine downgraded Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Bank of America reissued a “buy” rating and set a $143.00 price objective on shares of Xilinx in a report on Friday, May 3rd. Finally, SunTrust Banks boosted their price objective on Xilinx to $126.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Xilinx presently has an average rating of “Buy” and an average price target of $115.52.

The firm has a market cap of $26.60 billion, a PE ratio of 29.03, a P/E/G ratio of 2.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.19 and a quick ratio of 7.53.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.02). The business had revenue of $828.36 million during the quarter, compared to the consensus estimate of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. On average, equities analysts predict that Xilinx, Inc. will post 3.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, May 15th. This is a positive change from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 1.46%. Xilinx’s dividend payout ratio is currently 42.53%.

Several hedge funds have recently added to or reduced their stakes in XLNX. Oregon Public Employees Retirement Fund grew its holdings in shares of Xilinx by 12,987.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,595,886 shares of the programmable devices maker’s stock valued at $89,000 after acquiring an additional 7,537,845 shares in the last quarter. FMR LLC grew its holdings in Xilinx by 629.8% during the fourth quarter. FMR LLC now owns 4,579,088 shares of the programmable devices maker’s stock valued at $390,001,000 after purchasing an additional 3,951,683 shares during the period. Norges Bank bought a new position in Xilinx during the fourth quarter valued at $210,563,000. BlackRock Inc. grew its holdings in Xilinx by 12.2% during the first quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock valued at $2,680,020,000 after purchasing an additional 2,294,950 shares during the period. Finally, Whale Rock Capital Management LLC bought a new position in Xilinx during the first quarter valued at $161,681,000. 88.27% of the stock is owned by institutional investors.

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Xilinx Company Profile (NASDAQ:XLNX)

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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