Brokerages predict that Xilinx, Inc. (NASDAQ:XLNX) will report sales of $770.84 million for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Xilinx’s earnings. The lowest sales estimate is $769.97 million and the highest is $774.87 million. Xilinx posted sales of $631.19 million in the same quarter last year, which suggests a positive year over year growth rate of 22.1%. The company is expected to issue its next quarterly earnings results on Wednesday, January 23rd.
According to Zacks, analysts expect that Xilinx will report full year sales of $2.98 billion for the current fiscal year, with estimates ranging from $2.97 billion to $2.99 billion. For the next financial year, analysts anticipate that the business will post sales of $3.26 billion, with estimates ranging from $3.10 billion to $3.36 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Xilinx.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%.
Several research firms recently issued reports on XLNX. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Friday, October 26th. William Blair initiated coverage on shares of Xilinx in a research note on Friday, October 26th. They set a “market perform” rating for the company. Rosenblatt Securities upgraded shares of Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Thursday, July 26th. MKM Partners boosted their target price on shares of Xilinx to $85.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. Finally, Bank of America upgraded shares of Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $81.67.
XLNX stock traded up $1.56 during midday trading on Thursday, hitting $85.92. The company’s stock had a trading volume of 1,760,821 shares, compared to its average volume of 2,609,490. The stock has a market capitalization of $21.53 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. Xilinx has a 12 month low of $62.27 and a 12 month high of $87.64. The company has a current ratio of 4.26, a quick ratio of 4.00 and a debt-to-equity ratio of 0.49.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. Xilinx’s dividend payout ratio is presently 50.88%.
In other news, Director John Michael Patterson sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $73.49, for a total value of $220,470.00. Following the completion of the sale, the director now directly owns 23,282 shares in the company, valued at approximately $1,710,994.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Tong sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the completion of the sale, the insider now owns 30,223 shares of the company’s stock, valued at $2,550,216.74. The disclosure for this sale can be found here. Insiders sold a total of 54,572 shares of company stock valued at $4,439,963 over the last 90 days. 0.16% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Xilinx in the 3rd quarter worth $108,000. Squar Milner Financial Services LLC purchased a new stake in shares of Xilinx in the 2nd quarter worth $105,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Xilinx in the 2nd quarter worth $123,000. Psagot Investment House Ltd. increased its stake in shares of Xilinx by 57.3% in the 3rd quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock worth $164,000 after purchasing an additional 744 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Xilinx in the 2nd quarter worth $149,000. Hedge funds and other institutional investors own 87.68% of the company’s stock.
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; 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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