Northwestern Mutual Investment Management Company LLC trimmed its position in Xilinx, Inc. (NASDAQ:XLNX) by 80.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,681 shares of the programmable devices maker’s stock after selling 40,639 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Xilinx were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. TrimTabs Asset Management LLC boosted its holdings in Xilinx by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Xilinx by 9,866.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the last quarter. Huntington National Bank boosted its holdings in Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the last quarter. Regentatlantic Capital LLC acquired a new stake in Xilinx in the 2nd quarter worth about $219,000. Finally, Harfst & Associates Inc. acquired a new stake in Xilinx in the 1st quarter worth about $201,000. Institutional investors own 97.44% of the company’s stock.

In other Xilinx news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $2,602,995.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the transaction, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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XLNX has been the topic of several research analyst reports. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, August 1st. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a report on Thursday, August 31st. Pacific Crest reiterated an “overweight” rating and issued a $70.00 price objective on shares of Xilinx in a report on Friday, May 19th. Morgan Stanley reiterated an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a report on Monday, June 12th. Finally, BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $64.57.

Shares of Xilinx, Inc. (XLNX) opened at 67.82 on Friday. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 28.99 and a beta of 1.08. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68. The stock’s 50 day moving average is $63.81 and its 200 day moving average is $62.87.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $615.69 million. During the same quarter last year, the business earned $0.61 earnings per share. Xilinx’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.06%. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.

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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