Xilinx Inc. (NASDAQ:XLNX) is set to release its earnings data after the market closes on Wednesday, October 19th. Analysts expect Xilinx to post earnings of $0.55 per share for the quarter.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The company had revenue of $574.90 million for the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. On average, analysts expect Xilinx to post $2.22 EPS for the current fiscal year and $2.38 EPS for the next fiscal year.

Earnings History for Xilinx (NASDAQ:XLNX)

Shares of Xilinx Inc. (NASDAQ:XLNX) opened at 49.99 on Monday. Xilinx Inc. has a 12 month low of $40.44 and a 12 month high of $55.49. The firm’s 50-day moving average price is $53.08 and its 200 day moving average price is $48.77. The firm has a market capitalization of $12.67 billion, a P/E ratio of 23.70 and a beta of 1.30.

In other news, Director Marshall C. Turner sold 16,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $50.00, for a total transaction of $800,000.00. Following the transaction, the director now directly owns 49,384 shares in the company, valued at $2,469,200. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William G. Howard, Jr. sold 12,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $51.15, for a total transaction of $613,800.00. Following the transaction, the director now owns 12,000 shares in the company, valued at $613,800. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Xilinx by 12.1% in the second quarter. BlackRock Inc. now owns 1,037,535 shares of the programmable devices maker’s stock valued at $47,860,000 after buying an additional 112,360 shares during the last quarter. US Bancorp DE raised its position in shares of Xilinx by 5.7% in the second quarter. US Bancorp DE now owns 172,472 shares of the programmable devices maker’s stock valued at $7,956,000 after buying an additional 9,247 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Xilinx during the second quarter valued at $381,000. Advantus Capital Management Inc raised its position in shares of Xilinx by 0.4% in the second quarter. Advantus Capital Management Inc now owns 24,798 shares of the programmable devices maker’s stock valued at $1,144,000 after buying an additional 105 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its position in shares of Xilinx by 3.3% in the second quarter. Reliance Trust Co. of Delaware now owns 21,041 shares of the programmable devices maker’s stock valued at $970,000 after buying an additional 665 shares during the last quarter. Institutional investors own 91.37% of the company’s stock.

XLNX has been the subject of several recent analyst reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Xilinx in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Friday, July 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price objective on shares of Xilinx in a research report on Thursday, July 28th. Morgan Stanley lifted their price objective on shares of Xilinx from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Finally, Jefferies Group lifted their price objective on shares of Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Thirteen equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $51.17.

About Xilinx

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.

5 Day Chart for NASDAQ:XLNX

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