Louisiana State Employees Retirement System Has $991,000 Position in Xilinx, Inc. (NASDAQ:XLNX)

Louisiana State Employees Retirement System raised its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,400 shares of the programmable devices maker’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Xilinx were worth $991,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of XLNX. TrimTabs Asset Management LLC raised its stake in shares of Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after buying an additional 936 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after buying an additional 2,664 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock valued at $174,000 after buying an additional 324 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in shares of Xilinx during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 94.61% of the company’s stock.

Xilinx, Inc. (NASDAQ:XLNX) traded down 0.66% on Wednesday, hitting $62.74. 1,243,741 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $65.22 and a 200-day moving average price of $61.80. The stock has a market cap of $15.60 billion, a P/E ratio of 26.81 and a beta of 1.09. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.

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Several equities research analysts have issued reports on the stock. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and set a $69.00 target price (up previously from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price for the company in a report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $72.00 target price on shares of Xilinx in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $64.57.

In related news, CEO Moshe Gavrielov sold 600 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $64.75, for a total value of $38,850.00. Following the transaction, the chief executive officer now owns 235,766 shares in the company, valued at approximately $15,265,848.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,531 shares of company stock worth $2,461,740. 0.40% of the stock is currently owned by company insiders.

About Xilinx

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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