Cypress Capital Management Lowers stake in Xilinx (XLNX)

Xilinx (XLNX) : Cypress Capital Management reduced its stake in Xilinx by 0.56% during the most recent quarter end. The investment management company now holds a total of 153,914 shares of Xilinx which is valued at $6.7 Million after selling 859 shares in Xilinx , the firm said in a disclosure report filed with the SEC on May 12, 2016.Xilinx makes up approximately 2.25% of Cypress Capital Management’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A reduced its stake in XLNX by selling 4,101 shares or 7.37% in the most recent quarter. The Hedge Fund company now holds 51,554 shares of XLNX which is valued at $2.2 Million. Xilinx makes up approx 0.01% of Credit Agricole S A’s portfolio. Gratus Capital sold out all of its stake in XLNX during the most recent quarter. The investment firm sold 51,853 shares of XLNX which is valued $2.2 Million.Secor Capital Advisors Lp reduced its stake in XLNX by selling 11,325 shares or 50.9% in the most recent quarter. The Hedge Fund company now holds 10,924 shares of XLNX which is valued at $472,354. Xilinx makes up approx 0.09% of Secor Capital Advisors Lp’s portfolio. Nine Chapters Capital Management sold out all of its stake in XLNX during the most recent quarter. The investment firm sold 14,600 shares of XLNX which is valued $631,304. Bluecrest Capital Management Ltd added XLNX to its portfolio by purchasing 13,837 company shares during the most recent quarter which is valued at $597,758. Xilinx makes up approx 0.05% of Bluecrest Capital Management Ltd’s portfolio.

Xilinx opened for trading at $44.12 and hit $44.79 on the upside on Friday, eventually ending the session at $44.75, with a gain of 2.08% or 0.91 points. The heightened volatility saw the trading volume jump to 25,55,688 shares. Company has a market cap of $11,354,328 M.

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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