Insider Selling: Xilinx, Inc. (NASDAQ:XLNX) CEO Sells 6,399 Shares of Stock

Xilinx, Inc. (NASDAQ:XLNX) CEO Moshe Gavrielov sold 6,399 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $71.73, for a total value of $459,000.27. Following the completion of the transaction, the chief executive officer now owns 135,014 shares of the company’s stock, valued at $9,684,554.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Moshe Gavrielov also recently made the following trade(s):

  • On Friday, October 6th, Moshe Gavrielov sold 28,600 shares of Xilinx stock. The shares were sold at an average price of $71.78, for a total value of $2,052,908.00.
  • On Monday, October 2nd, Moshe Gavrielov sold 121,400 shares of Xilinx stock. The shares were sold at an average price of $70.73, for a total value of $8,586,622.00.
  • On Tuesday, September 19th, Moshe Gavrielov sold 25,000 shares of Xilinx stock. The shares were sold at an average price of $69.76, for a total value of $1,744,000.00.

Shares of Xilinx, Inc. (XLNX) opened at 72.37 on Wednesday. The company has a market cap of $17.99 billion, a PE ratio of 30.93 and a beta of 1.10. The stock’s 50 day moving average price is $68.69 and its 200-day moving average price is $64.69. Xilinx, Inc. has a 12-month low of $48.97 and a 12-month high of $73.32.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that Xilinx, Inc. will post $2.54 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of Xilinx during the second quarter worth approximately $103,000. Sun Life Financial INC lifted its position in shares of Xilinx by 22,475.0% during the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after purchasing an additional 1,798 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Xilinx by 9,866.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after purchasing an additional 2,664 shares in the last quarter. Huntington National Bank lifted its position in shares of Xilinx by 217.1% during the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after purchasing an additional 1,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Xilinx by 46.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after purchasing an additional 936 shares in the last quarter. Institutional investors own 97.42% of the company’s stock.

Several analysts have commented on the company. BMO Capital Markets reissued a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a report on Wednesday. KeyCorp set a $78.00 target price on Xilinx and gave the company a “buy” rating in a research report on Wednesday, October 11th. MKM Partners lifted their price objective on Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research report on Sunday, October 8th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.57.

About Xilinx

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

Insider Buying and Selling by Quarter for Xilinx (NASDAQ:XLNX)

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