Sompo Japan Nipponkoa Asset Management CO. LTD. reduced its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,860 shares of the programmable devices maker’s stock after selling 1,290 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Xilinx were worth $1,432,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in XLNX. Millennium Management LLC purchased a new stake in shares of Xilinx during the 2nd quarter valued at about $90,808,000. Renaissance Technologies LLC raised its holdings in shares of Xilinx by 2,863.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,360,005 shares of the programmable devices maker’s stock valued at $88,754,000 after buying an additional 1,314,105 shares during the period. BlackRock Inc. raised its holdings in shares of Xilinx by 5.5% during the 2nd quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock valued at $1,237,325,000 after buying an additional 990,937 shares during the period. Congress Asset Management Co. MA purchased a new stake in Xilinx during the 3rd quarter worth approximately $60,698,000. Finally, Nuance Investments LLC increased its holdings in Xilinx by 276.1% during the 2nd quarter. Nuance Investments LLC now owns 648,682 shares of the programmable devices maker’s stock worth $42,333,000 after purchasing an additional 476,220 shares during the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.

In other news, CFO Lorenzo Flores sold 7,500 shares of Xilinx stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total value of $534,975.00. Following the completion of the transaction, the chief financial officer now owns 34,381 shares in the company, valued at approximately $2,452,396.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the transaction, the vice president now owns 10,271 shares of the company’s stock, valued at approximately $753,583.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,234 shares of company stock valued at $4,195,333. Insiders own 0.16% of the company’s stock.

Several equities research analysts have issued reports on the company. SunTrust Banks lifted their price objective on Xilinx to $76.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Robert W. Baird upgraded Xilinx from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $71.00 to $90.00 in a report on Tuesday, August 28th. MKM Partners lifted their price objective on Xilinx to $85.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Barclays lifted their price objective on Xilinx from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 25th. Finally, Citigroup lifted their price objective on Xilinx from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $82.38.

Shares of XLNX opened at $85.64 on Friday. The company has a market capitalization of $21.53 billion, a PE ratio of 27.10, a PEG ratio of 2.73 and a beta of 0.86. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49. Xilinx, Inc. has a 52 week low of $62.27 and a 52 week high of $88.20.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $746.25 million during the quarter, compared to analyst estimates of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. Equities analysts expect that Xilinx, Inc. will post 3.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Xilinx’s payout ratio is 50.88%.

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Xilinx Company 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.

Read More: Analyzing a company’s cash flow statement

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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