A Reversal for Xilinx, Inc. Is Not Near. Professional Options Traders Are Bullish


 A Reversal for Xilinx, Inc. Is Not Near. Professional Options Traders Are Bullish

In today’s session Xilinx, Inc. (XLNX) registered an unusually high (367) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious XLNX increase. With 367 contracts traded and 1104 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLNX161021C00054500 closed last at: $2.05 or 60.2% up. About 2.31M shares traded hands or 5.00% up from the average. Xilinx, Inc. (NASDAQ:XLNX) has risen 11.86% since March 1, 2016 and is uptrending. It has outperformed by 2.62% the S&P500.

Analysts await Xilinx, Inc. (NASDAQ:XLNX) to report earnings on October, 12. They expect $0.54 earnings per share, up 12.50% or $0.06 from last year’s $0.48 per share. XLNX’s profit will be $135.89 million for 24.56 P/E if the $0.54 EPS becomes a reality. After $0.61 actual earnings per share reported by Xilinx, Inc. for the previous quarter, Wall Street now forecasts -11.48% negative EPS growth.

Xilinx, Inc. (NASDAQ:XLNX) Ratings Coverage

Out of 13 analysts covering Xilinx Inc. (NASDAQ:XLNX), 2 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 15% are positive. Xilinx Inc. has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Thursday, October 15 the stock rating was maintained by Topeka Capital Markets with “Hold”. On Thursday, June 2 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Mkt Perform” rating given on Thursday, October 15 by FBR Capital. The stock of Xilinx, Inc. (NASDAQ:XLNX) earned “Buy” rating by Argus Research on Thursday, October 15. Goldman Sachs upgraded the shares of XLNX in a report on Monday, September 14 to “Buy” rating. The rating was downgraded by Goldman Sachs to “Buy” on Wednesday, February 3.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.41, from 1.36 in 2016Q1. The ratio turned negative, as 62 funds sold all Xilinx, Inc. shares owned while 182 reduced positions. 46 funds bought stakes while 185 increased positions. They now own 229.43 million shares or 0.05% more from 229.32 million shares in 2016Q1.
Moreover, Advisory Network Limited Company has 0% invested in Xilinx, Inc. (NASDAQ:XLNX) for 200 shares. Fil Limited owns 4.43 million shares or 0.65% of their US portfolio. Symphony Asset Ltd has 0.29% invested in the company for 56,886 shares. Blackrock Advsr accumulated 0.01% or 276,843 shares. Dynamic Capital Mgmt Ltd accumulated 58,684 shares or 0.32% of the stock. State Board Of Administration Of Florida Retirement Systems accumulated 0.06% or 379,663 shares. Moreover, Denver Advsr Ltd Liability Com has 0.12% invested in Xilinx, Inc. (NASDAQ:XLNX) for 56,838 shares. Comerica National Bank, a Michigan-based fund reported 62,226 shares. Mufg Americas accumulated 21,265 shares or 0.03% of the stock. Trillium Asset Limited Liability Corp, a Massachusetts-based fund reported 255,547 shares. Ghp holds 0.06% or 6,032 shares in its portfolio. Regions Financial holds 0.5% or 830,387 shares in its portfolio. Moreover, Wfg Advsr L P has 0% invested in Xilinx, Inc. (NASDAQ:XLNX) for 30 shares. Signaturefd Ltd Liability Corp accumulated 0% or 163 shares. Hgk Asset Mngmt holds 0.03% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX) for 4,515 shares.

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 9 insider sales for $9.86 million net activity. 16,000 Xilinx, Inc. (NASDAQ:XLNX) shares with value of $800,000 were sold by TURNER MARSHALL C. GLASER STEVEN L sold $244,640 worth of Xilinx, Inc. (NASDAQ:XLNX) on Friday, August 5. On Thursday, August 11 Rangasayee Krishna sold $767,013 worth of the stock or 14,821 shares. 12,000 shares with value of $613,764 were sold by HOWARD WILLIAM G JR on Monday, August 1. GAVRIELOV MOSHE sold $263,373 worth of stock or 4,812 shares. Another trade for 12,000 shares valued at $535,800 was sold by VANDERSLICE ELIZABETH W. On Wednesday, May 18 the insider Hover-Smoot Scott sold $1.98M.

Xilinx, Inc. is engaged in designing and developing programmable devices and associated technologies. The company has a market cap of $13.35 billion. 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. It has a 24.78 P/E ratio. The Firm provides design services, customer training, field engineering and technical support.

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