An investigation on behalf of investors of Xilinx, Inc. (NASDAQ: XLNX) shares over potential securities laws violations by Xilinx, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Xilinx, Inc. (NASDAQ: XLNX) concerning whether a series of statements by Xilinx, Inc. (NASDAQ: XLNX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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.