Brokerages expect Xilinx, Inc. (NASDAQ:XLNX) to announce $0.93 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Xilinx’s earnings, with estimates ranging from $0.89 to $0.94. Xilinx posted earnings of $0.87 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, October 23rd.
According to Zacks, analysts expect that Xilinx will report full year earnings of $3.77 per share for the current year, with EPS estimates ranging from $3.64 to $3.93. For the next fiscal year, analysts anticipate that the business will post earnings of $4.28 per share, with EPS estimates ranging from $3.93 to $4.74. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Xilinx.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The company had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year.
Several analysts recently issued reports on XLNX shares. SunTrust Banks dropped their target price on Xilinx from $127.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley upped their target price on Xilinx from $126.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays dropped their target price on Xilinx from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Zacks Investment Research upgraded Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a report on Saturday, July 27th. Finally, KeyCorp reiterated an “overweight” rating and set a $130.00 target price (down previously from $140.00) on shares of Xilinx in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $119.14.
In other Xilinx news, SVP Emre Onder sold 2,222 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $120.78, for a total value of $268,373.16. Following the sale, the senior vice president now owns 3,239 shares in the company, valued at $391,206.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vincent Tong sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $105.00, for a total value of $840,000.00. Following the completion of the sale, the executive vice president now owns 36,775 shares in the company, valued at approximately $3,861,375. The disclosure for this sale can be found here. Insiders sold 25,711 shares of company stock worth $2,804,633 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC bought a new stake in Xilinx in the second quarter valued at approximately $29,000. Citizens Financial Group Inc RI grew its position in shares of Xilinx by 114.2% in the second quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Lenox Wealth Advisors LLC acquired a new position in shares of Xilinx in the second quarter valued at approximately $33,000. FinTrust Capital Advisors LLC grew its position in shares of Xilinx by 168.0% in the second quarter. FinTrust Capital Advisors LLC now owns 276 shares of the programmable devices maker’s stock valued at $33,000 after purchasing an additional 173 shares during the last quarter. Finally, Cribstone Capital Management LLC grew its position in shares of Xilinx by 181.3% in the second quarter. Cribstone Capital Management LLC now owns 450 shares of the programmable devices maker’s stock valued at $53,000 after purchasing an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.
XLNX opened at $96.22 on Wednesday. Xilinx has a 52-week low of $68.76 and a 52-week high of $141.60. The firm has a market capitalization of $24.31 billion, a PE ratio of 27.65, a PEG ratio of 1.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. The business’s 50-day simple moving average is $99.84 and its 200 day simple moving average is $112.24.
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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