Oak Associates Ltd Oh buys $29,029,672 stake in Xilinx (XLNX)

Xilinx (XLNX) : Oak Associates Ltd Oh scooped up 1,365 additional shares in Xilinx during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 560,094 shares of Xilinx which is valued at $29,029,672.Xilinx makes up approximately 3.27% of Oak Associates Ltd Oh’s portfolio.

Other Hedge Funds, Including , 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.Kidder Stephen W reduced its stake in XLNX by selling 3,000 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 63,913 shares of XLNX which is valued at $3,312,611. Xilinx makes up approx 1.28% of Kidder Stephen W’s portfolio.Mutual Of America Capital Management reduced its stake in XLNX by selling 312 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 29,727 shares of XLNX which is valued at $1,511,321. Xilinx makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.Ngam Advisors reduced its stake in XLNX by selling 3,819 shares or 14.37% in the most recent quarter. The Hedge Fund company now holds 22,758 shares of XLNX which is valued at $1,157,017. Xilinx makes up approx 0.02% of Ngam Advisors’s portfolio.Dearborn Partners boosted its stake in XLNX in the latest quarter, The investment management firm added 22,877 additional shares and now holds a total of 303,598 shares of Xilinx which is valued at $14,596,992. Xilinx makes up approx 1.24% of Dearborn Partners’s portfolio.

Xilinx opened for trading at $51.76 and hit $52.3 on the upside on Wednesday, eventually ending the session at $52.19, with a gain of 0.87% or 0.45 points. The heightened volatility saw the trading volume jump to 15,68,886 shares. Company has a market cap of $13,229 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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