Advent Capital Management De Lowers stake in Xilinx (XLNX)

Xilinx (XLNX) : Advent Capital Management De reduced its stake in Xilinx by 40.33% during the most recent quarter end. The investment management company now holds a total of 75,000 shares of Xilinx which is valued at $3.2 Million after selling 50,692 shares in Xilinx , the firm said in a disclosure report filed with the SEC on May 13, 2016.Xilinx makes up approximately 0.40% of Advent Capital Management De’s portfolio.

Other Hedge Funds, Including , Bokf Na reduced its stake in XLNX by selling 2,343 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 77,145 shares of XLNX which is valued at $3.3 Million. Xilinx makes up approx 0.12% of Bokf Na’s portfolio.Riverpoint Capital Management reduced its stake in XLNX by selling 2,705 shares or 12.08% in the most recent quarter. The Hedge Fund company now holds 19,688 shares of XLNX which is valued at $851,309. Xilinx makes up approx 0.08% of Riverpoint Capital Management’s portfolio.Cipher Capital Lp boosted its stake in XLNX in the latest quarter, The investment management firm added 23,416 additional shares and now holds a total of 57,806 shares of Xilinx which is valued at $2.5 Million. Xilinx makes up approx 0.24% of Cipher Capital Lp’s portfolio.Schwab Charles Investment Management Inc boosted its stake in XLNX in the latest quarter, The investment management firm added 61,589 additional shares and now holds a total of 944,420 shares of Xilinx which is valued at $40.8 Million. Xilinx makes up approx 0.05% of Schwab Charles Investment Management Inc’s portfolio.State Of Wisconsin Investment Board reduced its stake in XLNX by selling 307,848 shares or 65.45% in the most recent quarter. The Hedge Fund company now holds 162,503 shares of XLNX which is valued at $7 Million. Xilinx makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.

Xilinx closed down -0.33 points or -0.70% at $47.12 with 53,06,406 shares getting traded on Wednesday. Post opening the session at $47.46, the shares hit an intraday low of $46.47 and an intraday high of $47.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Xilinx reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.52. The company had revenue of $571.00 million for the quarter, compared to analysts expectations of $566.26 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Xilinx. Shares were Reiterated by MKM Partners on Apr 28, 2016 to “Neutral” and Lowered the Price Target to $ 45 from a previous price target of $46 .

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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