Brokerages expect Xilinx, Inc. (NASDAQ:XLNX) to post $672.19 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Xilinx’s earnings. The highest sales estimate is $681.10 million and the lowest is $649.15 million. Xilinx reported sales of $615.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.2%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 25th.
According to Zacks, analysts expect that Xilinx will report full-year sales of $2.76 billion for the current financial year, with estimates ranging from $2.73 billion to $2.80 billion. For the next year, analysts expect that the company will post sales of $2.95 billion per share, with estimates ranging from $2.83 billion to $3.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Xilinx.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.10. Xilinx had a net margin of 20.18% and a return on equity of 29.98%. The firm had revenue of $673.00 million for the quarter, compared to the consensus estimate of $650.29 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis.
Several research firms recently issued reports on XLNX. BidaskClub raised shares of Xilinx from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. JPMorgan Chase & Co. dropped their price target on shares of Xilinx from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 23rd. Nomura raised shares of Xilinx from a “reduce” rating to a “neutral” rating and lifted their price target for the stock from $60.00 to $70.00 in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Saturday, April 7th. Finally, ValuEngine downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus price target of $74.31.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PagnatoKarp Partners LLC acquired a new position in shares of Xilinx in the 1st quarter valued at about $227,000. Allianz Asset Management GmbH boosted its holdings in shares of Xilinx by 27.7% in the 1st quarter. Allianz Asset Management GmbH now owns 597,903 shares of the programmable devices maker’s stock valued at $43,193,000 after buying an additional 129,671 shares during the period. Amalgamated Bank boosted its holdings in shares of Xilinx by 12.6% in the 1st quarter. Amalgamated Bank now owns 36,965 shares of the programmable devices maker’s stock valued at $2,670,000 after buying an additional 4,142 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Xilinx in the 1st quarter valued at about $327,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Xilinx by 9.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 37,267 shares of the programmable devices maker’s stock valued at $2,692,000 after buying an additional 3,188 shares during the period. 89.63% of the stock is owned by institutional investors.
Xilinx traded down $0.97, hitting $64.67, during midday trading on Wednesday, MarketBeat reports. 992,126 shares of the stock were exchanged, compared to its average volume of 1,945,974. Xilinx has a 1 year low of $60.12 and a 1 year high of $78.02. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.42 and a quick ratio of 4.17.
The business also recently announced a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Tuesday, May 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.23%. This is an increase from Xilinx’s previous quarterly dividend of $0.35.
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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