Xilinx Inc (XLNX) Files Form 4 Insider Selling : Scott Hover-smoot Sells 45,000 Shares

Xilinx Inc (XLNX): Scott Hover-smoot , SVP General Counsel of Xilinx Inc sold 45,000 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $44.08 per share for a total value of $1,983,595.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, Steven L Glaser (Sr. Vice President) sold 7,539 shares at $48.32 per share price.On Jan 29, 2016, Scott Hover-smoot (SVP General Counsel) sold 10,000 shares at $48.06 per share price.Also, On Dec 2, 2015, Victor Peng (Sr. Vice President) sold 40,000 shares at $50.00 per share price.On Nov 17, 2015, Krishna Rangasayee (Sr. Vice President) sold 16,250 shares at $46.90 per share price.

Shares of Xilinx (XLNX) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.20% at $43.84 with 42,67,619 shares getting traded. Post opening the session at $43.79, the shares hit an intraday low of $43.46 and an intraday high of $44.06 and the price vacillated in this range throughout the day. The company has a market cap of $11,123,436 M and the number of outstanding shares has been calculated to be 2,53,72,80,00,000 shares. The 52-week high of Xilinx is $50.72 and the 52-week low is $38.7.

Xilinx Money Flow Index Chart

Company has been under the radar of several Street Analysts.Xilinx is Reiterated by MKM Partners to Neutral while Lowering the Price Target of the company shares to $ 45 from a previous price target of $46 . The Rating was issued on Apr 28, 2016.

Xilinx Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards and intellectual property (IP) which consists of Xilinx and third-party verification and IP cores. The Company provides design services customer training field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs) complex programmable logic devices (CPLDs) programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets such as wired and wireless communications industrial scientific and medical aerospace and defense audio video and broadcast consumer automotive and test and measurement.

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