Northstar Asset Management LLC Trims Position in Xilinx, Inc. (XLNX)

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Northstar Asset Management LLC trimmed its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,800 shares of the programmable devices maker’s stock after selling 200 shares during the quarter. Northstar Asset Management LLC’s holdings in Xilinx were worth $409,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Essex Savings Bank purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $68,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $85,000. Private Capital Group LLC lifted its position in shares of Xilinx by 70.8% in the 4th quarter. Private Capital Group LLC now owns 1,131 shares of the programmable devices maker’s stock valued at $96,000 after acquiring an additional 469 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Xilinx in the 3rd quarter valued at approximately $108,000. Finally, San Francisco Sentry Investment Group CA lifted its position in shares of Xilinx by 5.7% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,729 shares of the programmable devices maker’s stock valued at $148,000 after acquiring an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Robert W. Baird reiterated an “outperform” rating and issued a $105.00 target price (up previously from $90.00) on shares of Xilinx in a research report on Thursday, January 24th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Friday, October 26th. 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. Finally, BMO Capital Markets increased their target price on shares of Xilinx to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. Xilinx currently has a consensus rating of “Buy” and an average price target of $96.17.

NASDAQ XLNX traded down $0.69 during midday trading on Thursday, hitting $113.58. The company had a trading volume of 19,279 shares, compared to its average volume of 4,445,495. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.38 and a quick ratio of 4.08. The firm has a market capitalization of $28.64 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 2.66 and a beta of 1.19. Xilinx, Inc. has a fifty-two week low of $62.27 and a fifty-two week high of $115.70.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, January 23rd. The programmable devices maker reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $800.00 million during 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 firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. As a group, sell-side analysts expect that Xilinx, Inc. will post 3.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Stockholders of record on Wednesday, February 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, February 5th. Xilinx’s payout ratio is 50.88%.

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About Xilinx

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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