Scout Investments Inc. cut its stake in Xilinx, Inc. (NASDAQ:XLNX) by 56.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 124,392 shares of the programmable devices maker’s stock after selling 160,410 shares during the period. Scout Investments Inc. owned 0.05% of Xilinx worth $8,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthsource Partners LLC boosted its stake in Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 40 shares during the period. HighTower Advisors LLC boosted its stake in Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock valued at $409,000 after buying an additional 60 shares during the period. Notis McConarty Edward boosted its stake in Xilinx by 0.3% in the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock valued at $1,328,000 after buying an additional 60 shares during the period. Capital Advantage Inc. boosted its stake in Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock valued at $384,000 after buying an additional 75 shares during the period. Finally, Seaward Management Limited Partnership boosted its stake in Xilinx by 2.1% in the second quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock valued at $260,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.

Xilinx, Inc. (NASDAQ:XLNX) opened at 65.99 on Friday. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 28.20 and a beta of 1.07. The stock has a 50 day moving average price of $63.89 and a 200 day moving average price of $62.55.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.

The business also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 8th. Xilinx’s payout ratio is currently 60.09%.

TRADEMARK VIOLATION WARNING: This news story was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.watchlistnews.com/xilinx-inc-xlnx-stake-lowered-by-scout-investments-inc/1537764.html.

Several analysts recently weighed in on the stock. Instinet lifted their price target on shares of Xilinx from $45.00 to $50.00 and gave the company a “reduce” rating in a report on Wednesday, May 24th. Pacific Crest reiterated an “overweight” rating and issued a $70.00 price target on shares of Xilinx in a report on Monday, May 8th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Vetr upgraded shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target on the stock in a report on Monday, June 19th. Finally, BMO Capital Markets lifted their price target on shares of Xilinx from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $64.57.

In related news, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 12,387 shares of the company’s stock, valued at $785,088.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the sale, the senior vice president now directly owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

Receive News & Ratings for Xilinx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.