Alkeon Capital Management Lowers stake in Xilinx (XLNX)

Xilinx (XLNX) : Alkeon Capital Management reduced its stake in Xilinx by 16.86% during the most recent quarter end. The investment management company now holds a total of 2,338,960 shares of Xilinx which is valued at $121,251,686 after selling 474,407 shares in Xilinx , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Xilinx makes up approximately 2.30% of Alkeon Capital Management’s portfolio.

Other Hedge Funds, Including , Sandler Capital Management boosted its stake in XLNX in the latest quarter, The investment management firm added 10,470 additional shares and now holds a total of 206,170 shares of Xilinx which is valued at $10,687,853. Xilinx makes up approx 1.99% of Sandler Capital Management’s portfolio.Omers Administration Corp reduced its stake in XLNX by selling 247,900 shares or 16.74% in the most recent quarter. The Hedge Fund company now holds 1,233,200 shares of XLNX which is valued at $63,929,088. Xilinx makes up approx 1.30% of Omers Administration Corp’s portfolio.Ironwood Investment Counsel reduced its stake in XLNX by selling 4,479 shares or 14.41% in the most recent quarter. The Hedge Fund company now holds 26,605 shares of XLNX which is valued at $1,379,203. Xilinx makes up approx 0.79% of Ironwood Investment Counsel’s portfolio.Concert Wealth Management boosted its stake in XLNX in the latest quarter, The investment management firm added 1,563 additional shares and now holds a total of 13,409 shares of Xilinx which is valued at $684,932. Xilinx makes up approx 0.09% of Concert Wealth 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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