Xilinx, Inc. (NASDAQ:XLNX) was the recipient of a significant decrease in short interest in September. As of September 29th, there was short interest totalling 21,675,746 shares, a decrease of 18.5% from the September 15th total of 26,595,213 shares. Approximately 8.7% of the company’s stock are short sold. Based on an average trading volume of 2,286,681 shares, the days-to-cover ratio is presently 9.5 days.

Several equities analysts have recently issued reports on XLNX shares. Vetr upgraded shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective on the stock in a report on Monday, June 19th. Pacific Crest restated an “overweight” rating and set a $70.00 price objective on shares of Xilinx in a report on Wednesday, June 21st. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Jefferies Group LLC upgraded shares of Xilinx from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $77.00 in a report on Monday, July 10th. Finally, Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $53.00 to $60.00 in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $66.14.

In other news, 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 $2,602,995.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the transaction, the chief executive officer now owns 270,856 shares in the company, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,330 shares of company stock worth $14,598,104. Corporate insiders own 0.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Dearborn Partners LLC grew its holdings in Xilinx by 2.3% during the second quarter. Dearborn Partners LLC now owns 336,588 shares of the programmable devices maker’s stock worth $21,649,000 after acquiring an additional 7,493 shares during the period. Principal Financial Group Inc. grew its holdings in Xilinx by 1.9% during the second quarter. Principal Financial Group Inc. now owns 398,503 shares of the programmable devices maker’s stock worth $25,632,000 after acquiring an additional 7,486 shares during the period. Delta Lloyd Asset Management N.V. acquired a new position in Xilinx during the second quarter worth $2,376,000. KBC Group NV grew its holdings in Xilinx by 31.2% during the second quarter. KBC Group NV now owns 30,949 shares of the programmable devices maker’s stock worth $1,991,000 after acquiring an additional 7,359 shares during the period. Finally, Atlantic Trust Group LLC acquired a new position in Xilinx during the second quarter worth $6,328,000. 97.42% of the stock is currently owned by hedge funds and other institutional investors.

Xilinx (XLNX) opened at 72.81 on Monday. The stock’s 50 day moving average price is $68.69 and its 200-day moving average price is $64.69. Xilinx has a 12 month low of $48.97 and a 12 month high of $73.32. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 31.12 and a beta of 1.10.

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

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Xilinx Company Profile

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.

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