Fayez Sarofim Co Lowers stake in Xilinx (XLNX)

Xilinx (XLNX) : Fayez Sarofim Co reduced its stake in Xilinx by 6.0% during the most recent quarter end. The investment management company now holds a total of 367,194 shares of Xilinx which is valued at $19,398,859 after selling 23,436 shares in Xilinx , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Xilinx makes up approximately 0.11% of Fayez Sarofim Co’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co boosted its stake in XLNX in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 2,476 shares of Xilinx which is valued at $130,807.Dimensional Fund Advisors Lp reduced its stake in XLNX by selling 4,903 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 980,775 shares of XLNX which is valued at $49,901,832. Xilinx makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio.Commerce Bank reduced its stake in XLNX by selling 816 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 24,054 shares of XLNX which is valued at $1,219,297. Xilinx makes up approx 0.02% of Commerce Bank’s portfolio.Cibc Asset Management Inc reduced its stake in XLNX by selling 2,044 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 35,879 shares of XLNX which is valued at $1,798,614. Xilinx makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.

Xilinx closed down -0.26 points or -0.49% at $52.98 with 18,18,056 shares getting traded on Monday. Post opening the session at $53.2, the shares hit an intraday low of $52.91 and an intraday high of $53.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Xilinx reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.54. The company had revenue of $579.00 million for the quarter, compared to analysts expectations of $574.95 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Xilinx. Company shares were Reiterated by Barclays on Oct 20, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .Robert W. Baird Downgraded Xilinx on Oct 12, 2016 to ” Neutral”, Price Target of the shares are set at $52.

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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