Large Outflow of Money Witnessed in Xilinx

Xilinx (NASDAQ:XLNX) traded on a positive note gaining 0.05 points or 0.11% to be valued at $46.78 per share. Intraday, the shares aggregated $3.81 million in upticks but saw an exodus of $5.88 million in downticks. The net money flow was calculated to be $(-2.07) million with the final up/down ratio coming in at 0.65. The share price has seen a change of -1.33% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $2.71 million in downticks. The net money flow for the block exchange was disappointing at $(-2.71) Million.


Currently the company Insiders own 0.52% of Xilinx shares according to the proxy statements. Institutional Investors own 91.73% of Xilinx shares. During last six month period, the net percent change held by insiders has seen a change of -32.6%. On the companys insider trading activities, Hover-Smoot Scott, (SVP General Counsel) of Xilinx Inc, unloaded 45,000 shares at an average price of $44.08 on May 18, 2016. The total amount of the transaction was worth $1,983,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Xilinx (NASDAQ:XLNX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.41 points or 0.88% at $46.32 with 2,125,781 shares getting traded. Post opening the session at $46.64, the shares hit an intraday low of $46.27 and an intraday high of $46.9 and the price was in this range throughout the day. The company has a market cap of $11,753 million and the number of outstanding shares have been calculated to be 253,728,000 shares. The 52-week high of Xilinx (NASDAQ:XLNX) is $50.72 and the 52-week low is $38.7.

Many analysts have stated their opinion on the company shares. Goldman Sachs downgrades its rating on Xilinx (NASDAQ:XLNX). The global brokerage major lowers the current price target from $54 per share to $51 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 2, 2016.

Xilinx, Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Companys 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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