Baker Avenue Asset Management Lp Lowers stake in Xilinx (XLNX)

Xilinx (XLNX) : Baker Avenue Asset Management Lp reduced its stake in Xilinx by 4.75% during the most recent quarter end. The investment management company now holds a total of 49,878 shares of Xilinx which is valued at $2,585,676 after selling 2,487 shares in Xilinx , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Xilinx makes up approximately 0.37% of Baker Avenue Asset Management Lp’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers boosted its stake in XLNX in the latest quarter, The investment management firm added 31,841 additional shares and now holds a total of 135,546 shares of Xilinx which is valued at $7,026,705. Xilinx makes up approx 0.07% of United Capital Financial Advisers’s portfolio. Symphony Asset Management added XLNX to its portfolio by purchasing 56,886 company shares during the most recent quarter which is valued at $2,948,970. Xilinx makes up approx 0.53% of Symphony Asset Management’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in XLNX in the latest quarter, The investment management firm added 1,352 additional shares and now holds a total of 20,315 shares of Xilinx which is valued at $1,053,130. Xilinx makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.First Eagle Investment Management boosted its stake in XLNX in the latest quarter, The investment management firm added 1,556,452 additional shares and now holds a total of 12,145,640 shares of Xilinx which is valued at $629,508,521. Xilinx makes up approx 1.52% of First Eagle Investment Management’s portfolio.Gemmer Asset Management boosted its stake in XLNX in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 255 shares of Xilinx which is valued at $12,329. Xilinx makes up approx 0.01% of Gemmer Asset Management’s portfolio.

Xilinx opened for trading at $54.17 and hit $54.36 on the upside on Thursday, eventually ending the session at $54.24, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 24,28,167 shares. Company has a market cap of $13,749 M.

On the company’s financial health, Xilinx reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.56. The company had revenue of $574.90 million for the quarter, compared to analysts expectations of $571.07 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Xilinx. Company shares were Reiterated by MKM Partners on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .Xilinx was Downgraded by Goldman to ” Neutral” on Jun 2, 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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