Xilinx, Inc. (NASDAQ:XLNX) – Research analysts at William Blair upped their Q3 2018 EPS estimates for shares of Xilinx in a research report issued on Wednesday, Zacks Investment Research reports. William Blair analyst A. Doradla now expects that the programmable devices maker will post earnings per share of $0.63 for the quarter, up from their previous estimate of $0.59. William Blair also issued estimates for Xilinx’s Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.55 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.70 EPS.
A number of other research analysts also recently commented on the stock. KeyCorp set a $70.00 target price on shares of Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $75.00 price objective on shares of Xilinx and gave the stock a “buy” rating in a research report on Thursday, July 27th. Vetr upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $70.95 price objective for the company in a research note on Wednesday, July 26th. BidaskClub cut shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.73.
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Xilinx (NASDAQ:XLNX) opened at $71.87 on Friday. Xilinx has a 52 week low of $50.78 and a 52 week high of $75.14. The company has a market cap of $17,757.43, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC acquired a new stake in shares of Xilinx during the 2nd quarter valued at approximately $103,000. Sun Life Financial INC grew its stake in Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the last quarter. Huntington National Bank grew its stake in Xilinx by 217.1% during the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the last quarter. Pictet North America Advisors SA bought a new position in Xilinx during the 3rd quarter worth $207,000. Finally, Banque Pictet & Cie SA bought a new position in Xilinx during the 3rd quarter worth $207,000. 96.75% of the stock is currently owned by institutional investors.
In related news, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $70.73, for a total transaction of $8,586,622.00. Following the transaction, the chief executive officer now directly owns 164,304 shares of the company’s stock, valued at approximately $11,621,221.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total value of $209,922.44. Following the transaction, the chief financial officer now directly owns 28,313 shares in the company, valued at $2,101,673.99. The disclosure for this sale can be found here. Insiders sold a total of 185,627 shares of company stock valued at $13,155,185 in the last 90 days. 0.40% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, November 14th. Xilinx’s dividend payout ratio (DPR) is 59.07%.
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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