Equities research analysts expect that Xilinx, Inc. (NASDAQ:XLNX) will announce $0.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Xilinx’s earnings, with estimates ranging from $0.64 to $0.78. Xilinx reported earnings per share of $0.57 during the same quarter last year, which suggests a positive year over year growth rate of 19.3%. The company is scheduled to report its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Xilinx will report full year earnings of $2.07 per share for the current year, with EPS estimates ranging from $1.97 to $2.61. For the next year, analysts expect that the firm will post earnings of $2.89 per share, with EPS estimates ranging from $2.75 to $2.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Xilinx.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.58). The company had revenue of $631.00 million during the quarter, compared to analyst estimates of $630.00 million. Xilinx had a net margin of 20.20% and a return on equity of 27.61%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS.
Several equities analysts have issued reports on XLNX shares. Goldman Sachs Group upgraded Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Morgan Stanley boosted their target price on Xilinx from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. BidaskClub cut Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Zacks Investment Research cut Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, SunTrust Banks boosted their target price on Xilinx to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $73.45.
In related news, insider Vincent Tong sold 19,687 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $73.52, for a total value of $1,447,388.24. Following the sale, the insider now owns 55,403 shares in the company, valued at approximately $4,073,228.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $75.81, for a total value of $1,516,200.00. Following the completion of the sale, the chief executive officer now owns 62,813 shares in the company, valued at approximately $4,761,853.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,987 shares of company stock worth $3,271,984. Insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XLNX. BlackRock Inc. lifted its stake in Xilinx by 3.1% in the 4th quarter. BlackRock Inc. now owns 17,520,566 shares of the programmable devices maker’s stock valued at $1,181,236,000 after buying an additional 525,871 shares in the last quarter. Geode Capital Management LLC lifted its stake in Xilinx by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 3,026,464 shares of the programmable devices maker’s stock valued at $203,676,000 after buying an additional 106,582 shares in the last quarter. Alkeon Capital Management LLC lifted its stake in Xilinx by 0.4% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,494,138 shares of the programmable devices maker’s stock valued at $176,660,000 after buying an additional 10,000 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Xilinx by 67.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after buying an additional 928,405 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Xilinx by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,048,881 shares of the programmable devices maker’s stock valued at $138,136,000 after buying an additional 24,623 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.
Xilinx (NASDAQ:XLNX) traded up $1.12 during midday trading on Friday, reaching $70.05. The company’s stock had a trading volume of 1,775,652 shares, compared to its average volume of 3,062,967. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.08 and a quick ratio of 8.59. Xilinx has a 52 week low of $54.99 and a 52 week high of $77.26. The firm has a market cap of $17,849.79, a PE ratio of 36.87, a price-to-earnings-growth ratio of 3.62 and a beta of 1.13.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Wednesday, February 7th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, February 6th. Xilinx’s dividend payout ratio is currently 73.68%.
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Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. 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.
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