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Investigation for Investors in shares of Xilinx, Inc. (NASDAQ: XLNX) over potential Wrongdoing

05-07-2020 03:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Xilinx, Inc. (NASDAQ: XLNX) shares over potential wrongdoing at Xilinx, Inc.

An investigation on behalf of investors in Xilinx, Inc. (NASDAQ: XLNX) shares over potential wrongdoing at Xilinx, Inc.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Xilinx, Inc.

Investors who purchased shares of Xilinx, Inc. (NASDAQ: XLNX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Xilinx, Inc. (NASDAQ: XLNX officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

San Jose, CA based Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Xilinx, Inc reported that its Total Revenue rose from over $2.46 billion for the 12 months period that ended on March 31, 2018 to over $3.05 billion for the 12 months period that ended on March 31, 2019, and that its Net Income increased from $463.98 million to $889.75 million over those respective time periods.

On September 19, 2019, Xilinx, Inc announced that Lorenzo Flores, the Company's Chief Financial Officer and Executive Vice President, was "stepping down from his position to pursue another executive opportunity . . . following the company's second quarter fiscal year 2020 earnings on October 23." The next day, on September 20, 2019, Bank of America downgraded Xilinx to Neutral, citing uncertainties that could limit share upside, increasing competitive pressure in 5G base station silicon, and slower data center ramp.

Shares of Xilinx, Inc. (NASDAQ: XLNX) declined from $137.23 per share on April 15, 2019 to as low as $67.68 per share on March 12, 2020.

Those who purchased shares of Xilinx, Inc. (NASDAQ: XLNX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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