Marshall Wace North America L.P. Sells 34,675 Shares of Xilinx, Inc. (NASDAQ:XLNX)

Marshall Wace North America L.P. lessened its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 88.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,374 shares of the programmable devices maker’s stock after selling 34,675 shares during the period. Marshall Wace North America L.P.’s holdings in Xilinx were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in Xilinx by 53.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 89,185 shares of the programmable devices maker’s stock valued at $7,596,000 after acquiring an additional 31,144 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Xilinx in the 4th quarter valued at about $273,000. FDx Advisors Inc. purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $213,000. Lindbrook Capital LLC purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $25,000. Finally, LPL Financial LLC grew its stake in shares of Xilinx by 13.9% in the 4th quarter. LPL Financial LLC now owns 10,671 shares of the programmable devices maker’s stock valued at $909,000 after buying an additional 1,299 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

In other Xilinx news, SVP Emre Onder sold 344 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $104.92, for a total transaction of $36,092.48. Following the completion of the transaction, the senior vice president now owns 1,419 shares of the company’s stock, valued at approximately $148,881.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth W. Vanderslice sold 2,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $101.50, for a total value of $203,000.00. Following the completion of the sale, the director now owns 29,483 shares in the company, valued at approximately $2,992,524.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,599 shares of company stock valued at $1,385,314 over the last three months. Company insiders own 0.19% of the company’s stock.

Shares of XLNX traded up $1.95 during midday trading on Thursday, hitting $122.86. The stock had a trading volume of 2,702,417 shares, compared to its average volume of 3,940,103. The company has a market capitalization of $30.43 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 2.59 and a beta of 1.27. The stock’s 50-day moving average price is $112.70. The company has a current ratio of 8.19, a quick ratio of 7.53 and a debt-to-equity ratio of 0.43. Xilinx, Inc. has a fifty-two week low of $66.35 and a fifty-two week high of $141.60.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). The company had revenue of $828.36 million for the quarter, compared to analyst estimates of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. On average, equities analysts anticipate that Xilinx, Inc. will post 3.91 earnings per share for the current year.

Several analysts have recently weighed in on XLNX shares. Barclays reissued a “hold” rating and issued a $23.00 price target on shares of Cypress Semiconductor in a research note on Thursday, June 6th. Cowen increased their price target on shares of ServiceNow from $260.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. MKM Partners increased their price objective on shares of Silicon Laboratories to $105.00 in a research report on Thursday, April 25th. Mizuho increased their price objective on shares of El Paso Electric from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, March 29th. Finally, BMO Capital Markets lowered their price objective on shares of Superior Gold from C$2.00 to C$1.50 in a research report on Wednesday, May 15th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.18.

About Xilinx

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: Management Fee

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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