Xilinx (NASDAQ:XLNX) – Equities researchers at KeyCorp increased their Q2 2019 earnings per share (EPS) estimates for Xilinx in a research report issued on Tuesday, May 22nd. KeyCorp analyst J. Vinh now anticipates that the programmable devices maker will post earnings per share of $0.72 for the quarter, up from their prior forecast of $0.71. KeyCorp currently has a “Overweight” rating and a $80.00 target price on the stock. KeyCorp also issued estimates for Xilinx’s FY2019 earnings at $2.86 EPS, Q1 2020 earnings at $0.77 EPS, Q2 2020 earnings at $0.78 EPS, Q3 2020 earnings at $0.74 EPS and Q4 2020 earnings at $0.83 EPS.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.10. Xilinx had a return on equity of 29.98% and a net margin of 20.18%. The company had revenue of $673.00 million during the quarter, compared to analyst estimates 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.
A number of other analysts also recently commented on XLNX. Mizuho reissued a “buy” rating and issued a $74.00 price objective (up previously from $69.00) on shares of Xilinx in a research note on Thursday, January 25th. BidaskClub downgraded Xilinx from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Wells Fargo & Co boosted their price objective on Xilinx from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Credit Suisse Group boosted their price objective on Xilinx from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Xilinx from $67.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. Xilinx presently has an average rating of “Hold” and an average target price of $72.95.
Shares of Xilinx opened at $68.76 on Thursday, MarketBeat Ratings reports. Xilinx has a 1 year low of $60.12 and a 1 year high of $78.02. The company has a quick ratio of 4.17, a current ratio of 4.42 and a debt-to-equity ratio of 0.52. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Tuesday, May 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.09%. This is a positive change from Xilinx’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, May 14th.
A number of large investors have recently bought and sold shares of XLNX. Schwab Charles Investment Management Inc. raised its position in Xilinx by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,295,571 shares of the programmable devices maker’s stock valued at $87,348,000 after buying an additional 78,747 shares during the period. Westpac Banking Corp raised its position in Xilinx by 38.4% during the fourth quarter. Westpac Banking Corp now owns 20,265 shares of the programmable devices maker’s stock valued at $1,366,000 after buying an additional 5,620 shares during the period. State of Alaska Department of Revenue raised its position in Xilinx by 195.6% during the fourth quarter. State of Alaska Department of Revenue now owns 46,740 shares of the programmable devices maker’s stock valued at $3,148,000 after buying an additional 30,930 shares during the period. Cerebellum GP LLC acquired a new position in Xilinx during the fourth quarter valued at $126,000. Finally, Cambridge Trust Co. raised its position in Xilinx by 5.5% during the fourth quarter. Cambridge Trust Co. now owns 154,427 shares of the programmable devices maker’s stock valued at $10,411,000 after buying an additional 8,023 shares during the period. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
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).
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