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Stock Update: Xilinx

Xilinx was the third-best performer. Xilinx designs and markets programmable semiconductors used in various applications such as communications equipment, vision sensors, robotics, data centers, and automobiles. The firm continues to take share from competing technologies due to their high performance and lower total cost. Xilinx is also the last “pure play” in the FPGA (Field Programmable Gate Array) space after Intel acquired the industry’s number two player. FPGAs are semiconductor devices for off-the-shelf products that customers program for the desired applications or functionality requirements. Earnings growth has been very strong while management controls overall expenses and increases R&D spending for new products. Xilinx continues to generate substantial free cash flow which is used to pay dividends and buy back stock.

The portfolios are actively managed. For the Fenimore Managed Equity Accounts Composite’s current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the Fenimore Managed Equity Accounts Composite’s performance data that is current to the most recent quarter-end, click here.

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Highlighting specific companies can be difficult due to the natural variation among the multiple accounts we manage. Accounts vary by objective and tenure so holdings may differ.

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