Blue Harbour Group buys $373,307,357 stake in Xilinx (XLNX)

Xilinx (XLNX) : Blue Harbour Group scooped up 132,200 additional shares in Xilinx during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 7,201,145 shares of Xilinx which is valued at $373,307,357.Xilinx makes up approximately 11.94% of Blue Harbour Group’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management sold out all of its stake in XLNX during the most recent quarter. The investment firm sold 137 shares of XLNX which is valued $7,102.Bridgewater Associates Lp reduced its stake in XLNX by selling 42,185 shares or 48.77% in the most recent quarter. The Hedge Fund company now holds 44,315 shares of XLNX which is valued at $2,297,290. Xilinx makes up approx 0.03% of Bridgewater Associates Lp’s portfolio.First Midwest Bank Trust Division reduced its stake in XLNX by selling 159 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 27,290 shares of XLNX which is valued at $1,360,134. Xilinx makes up approx 0.16% of First Midwest Bank Trust Division’s portfolio. Capital Fund Management S.a. added XLNX to its portfolio by purchasing 227,130 company shares during the most recent quarter which is valued at $11,320,159. Xilinx makes up approx 0.19% of Capital Fund Management S.a.’s portfolio.Retirement Systems Of Alabama boosted its stake in XLNX in the latest quarter, The investment management firm added 308,849 additional shares and now holds a total of 844,352 shares of Xilinx which is valued at $42,082,504. Xilinx makes up approx 0.24% of Retirement Systems Of Alabama’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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