Advisory Services Network LLC Raises Position in Xilinx, Inc. (NASDAQ:XLNX)

Advisory Services Network LLC boosted its position in Xilinx, Inc. (NASDAQ:XLNX) by 955.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,902 shares of the programmable devices maker’s stock after purchasing an additional 6,248 shares during the quarter. Advisory Services Network LLC’s holdings in Xilinx were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in shares of Xilinx during the 4th quarter valued at $25,000. Shamrock Asset Management LLC purchased a new stake in shares of Xilinx during the 1st quarter valued at $25,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Xilinx during the 1st quarter valued at $25,000. CWM LLC raised its position in shares of Xilinx by 225.0% during the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after buying an additional 153 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in shares of Xilinx by 42.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

In other Xilinx news, Director Elizabeth W. Vanderslice sold 2,000 shares of the firm’s 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 sale, the director now owns 29,483 shares of the company’s stock, valued at approximately $2,992,524.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Christopher Madden sold 3,733 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $114.88, for a total transaction of $428,847.04. Following the completion of the sale, the executive vice president now directly owns 12,600 shares in the company, valued at approximately $1,447,488. The disclosure for this sale can be found here. In the last three months, insiders sold 12,599 shares of company stock worth $1,385,314. Insiders own 0.19% of the company’s stock.

Shares of XLNX stock traded up $1.95 on Friday, hitting $120.32. 2,182,673 shares of the company’s stock traded hands, compared to its average volume of 2,803,945. The stock has a market cap of $29.71 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 2.53 and a beta of 1.27. Xilinx, Inc. has a one year low of $66.35 and a one year high of $141.60. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $110.36.

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

Several analysts have recently weighed in on XLNX shares. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Credit Suisse Group restated a “hold” rating and set a $32.00 price objective on shares of CRH in a research report on Thursday, April 25th. Morgan Stanley set a $143.00 price objective on shares of FedEx and gave the company a “hold” rating in a research report on Monday, June 10th. Finally, MKM Partners raised their price objective on shares of Silicon Laboratories to $105.00 in a research report on Thursday, April 25th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Xilinx has an average rating of “Buy” and an average price target of $117.18.

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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