Bank of The West lessened its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 54.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,156 shares of the programmable devices maker’s stock after selling 3,808 shares during the quarter. Bank of The West’s holdings in Xilinx were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC acquired a new stake in shares of Xilinx in the fourth quarter valued at about $25,000. Ropes Wealth Advisors LLC grew its position in shares of Xilinx by 42.8% in the fourth quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after purchasing an additional 107 shares during the period. Proficio Capital Partners LLC grew its position in shares of Xilinx by 2,925.0% in the fourth quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock valued at $41,000 after purchasing an additional 468 shares during the period. Essex Savings Bank acquired a new stake in shares of Xilinx in the fourth quarter valued at about $68,000. Finally, Oakworth Capital Inc. grew its position in shares of Xilinx by 226.1% in the fourth quarter. Oakworth Capital Inc. now owns 825 shares of the programmable devices maker’s stock valued at $71,000 after purchasing an additional 572 shares during the period. Institutional investors own 88.50% of the company’s stock.

NASDAQ:XLNX opened at $131.59 on Thursday. The company has a current ratio of 4.38, a quick ratio of 4.08 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $32.64 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. Xilinx, Inc. has a twelve month low of $62.54 and a twelve month high of $133.07.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The firm had revenue of $800.00 million for the quarter, compared to the consensus estimate of $770.65 million. Xilinx had a net margin of 27.92% and a return on equity of 34.82%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. On average, research analysts anticipate that Xilinx, Inc. will post 3.47 earnings per share for the current year.

Several analysts have recently issued reports on the stock. Argus lifted their target price on shares of Xilinx to $130.00 and gave the company a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Xilinx in a research report on Thursday, January 24th. Mizuho lifted their target price on shares of Xilinx from $107.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Finally, KeyCorp lifted their target price on shares of Xilinx from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $106.09.

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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.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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