Shell Asset Management Co. Sells 35,627 Shares of Xilinx, Inc. (NASDAQ:XLNX)

Shell Asset Management Co. cut its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 51.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 33,384 shares of the programmable devices maker’s stock after selling 35,627 shares during the period. Shell Asset Management Co.’s holdings in Xilinx were worth $4,829,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XLNX. Sandy Spring Bank increased its position in shares of Xilinx by 83.2% in the second quarter. Sandy Spring Bank now owns 174 shares of the programmable devices maker’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. CSat Investment Advisory L.P. increased its position in shares of Xilinx by 81.2% in the first quarter. CSat Investment Advisory L.P. now owns 212 shares of the programmable devices maker’s stock worth $26,000 after purchasing an additional 95 shares during the last quarter. Burleson & Company LLC bought a new position in shares of Xilinx in the first quarter worth approximately $32,000. KB Financial Partners LLC bought a new position in shares of Xilinx in the first quarter worth approximately $39,000. Finally, Paragon Wealth Strategies LLC bought a new position in shares of Xilinx in the second quarter worth approximately $40,000. Institutional investors own 77.93% of the company’s stock.

NASDAQ:XLNX opened at $157.24 on Monday. The firm has a market cap of $38.91 billion, a PE ratio of 51.39 and a beta of 1.01. Xilinx, Inc. has a fifty-two week low of $97.31 and a fifty-two week high of $159.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.17 and a current ratio of 5.58. The business has a 50 day moving average price of $148.53 and a 200-day moving average price of $135.17.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 28th. The programmable devices maker reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The company had revenue of $878.61 million during the quarter, compared to the consensus estimate of $865.76 million. Xilinx had a return on equity of 30.29% and a net margin of 23.00%. During the same quarter in the prior year, the company earned $0.38 earnings per share. Research analysts predict that Xilinx, Inc. will post 3.71 EPS for the current year.

Several research analysts recently weighed in on XLNX shares. Truist upped their price objective on shares of Xilinx from $135.00 to $143.00 and gave the stock a “hold” rating in a research report on Thursday, July 29th. Truist Securities upped their target price on Xilinx from $135.00 to $143.00 and gave the stock a “hold” rating in a research note on Thursday, July 29th. Wells Fargo & Company upped their target price on Xilinx from $110.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 29th. BMO Capital Markets upped their target price on Xilinx from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Xilinx from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Thursday, July 29th. Fourteen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Xilinx has an average rating of “Hold” and a consensus price target of $140.71.

In other Xilinx news, SVP Mark Wadlington sold 14,789 shares of the stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $150.18, for a total value of $2,221,012.02. Following the completion of the transaction, the senior vice president now owns 12,571 shares in the company, valued at $1,887,912.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Catia Hagopian sold 2,000 shares of the stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the transaction, the vice president now owns 32,516 shares of the company’s stock, valued at approximately $4,877,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,289 shares of company stock valued at $4,546,012. 0.22% of the stock is owned by corporate insiders.

Xilinx Profile

Xilinx, Inc engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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