Equities research analysts predict that Xilinx (NASDAQ:XLNX) will report $649.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Xilinx’s earnings, with the highest sales estimate coming in at $651.40 million and the lowest estimate coming in at $644.96 million. Xilinx posted sales of $609.45 million in the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Xilinx will report full year sales of $2.52 billion for the current year, with estimates ranging from $2.51 billion to $2.52 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.69 billion per share, with estimates ranging from $2.62 billion to $2.80 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Xilinx.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.58). The firm had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $630.00 million. Xilinx had a return on equity of 27.61% and a net margin of 20.20%. Xilinx’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share.
Several equities analysts have weighed in on the company. KeyCorp reissued an “overweight” rating and issued a $87.00 target price (up previously from $78.00) on shares of Xilinx in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Saturday, April 7th. BidaskClub raised shares of Xilinx from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. Goldman Sachs raised shares of Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Finally, ValuEngine cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $74.16.
XLNX traded down $0.75 on Thursday, hitting $64.15. The company had a trading volume of 5,873,624 shares, compared to its average volume of 2,655,101. Xilinx has a 1-year low of $56.69 and a 1-year high of $78.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08. The firm has a market cap of $16,346.38, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09.
In other news, insider Vincent Tong sold 19,687 shares of the stock in a transaction on Thursday, February 1st. The shares were 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 $4,073,228.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Scott Hover-Smoot sold 4,300 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total transaction of $308,396.00. Following the completion of the sale, the senior vice president now owns 37,569 shares in the company, valued at approximately $2,694,448.68. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its stake in Xilinx by 8.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 34,079 shares of the programmable devices maker’s stock worth $2,298,000 after acquiring an additional 2,779 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Xilinx by 20.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 91,646 shares of the programmable devices maker’s stock worth $6,179,000 after buying an additional 15,406 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Xilinx by 4,498.2% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 240,531 shares of the programmable devices maker’s stock worth $5,744,000 after buying an additional 235,300 shares during the last quarter. Meitav Dash Investments Ltd. purchased a new position in Xilinx during the 4th quarter worth $590,000. Finally, Sterling Capital Management LLC purchased a new position in Xilinx during the 4th quarter worth $750,000. Hedge funds and other institutional investors own 91.65% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/22/649-54-million-in-sales-expected-for-xilinx-xlnx-this-quarter.html.
Xilinx Company Profile
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; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).
Get a free copy of the Zacks research report on Xilinx (XLNX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.