Xilinx Inc. (NASDAQ:XLNX) issued its earnings results on Wednesday. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The firm earned $579 million during the quarter, compared to analysts’ expectations of $574.90 million. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year.

Xilinx (NASDAQ:XLNX) traded down 1.04% during midday trading on Wednesday, hitting $49.61. 2,613,329 shares of the stock were exchanged. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 23.52 and a beta of 1.30. The firm has a 50 day moving average of $52.83 and a 200-day moving average of $48.82. Xilinx has a 12-month low of $40.44 and a 12-month high of $55.49.

Earnings History for Xilinx (NASDAQ:XLNX)

In other news, Director William G. Howard, Jr. sold 12,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $51.15, for a total value of $613,800.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at approximately $613,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marshall C. Turner sold 16,000 shares of the firm’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 owns 49,384 shares of the company’s stock, valued at $2,469,200. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of XLNX. Advisor Partners LLC increased its position in Xilinx by 1.2% in the second quarter. Advisor Partners LLC now owns 4,899 shares of the programmable devices maker’s stock valued at $226,000 after buying an additional 58 shares during the period. Veritable L.P. increased its position in Xilinx by 0.8% in the second quarter. Veritable L.P. now owns 13,220 shares of the programmable devices maker’s stock valued at $610,000 after buying an additional 104 shares during the period. Advantus Capital Management Inc increased its position in 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 period. Mackenzie Financial Corp increased its position in Xilinx by 2.9% in the second quarter. Mackenzie Financial Corp now owns 10,535 shares of the programmable devices maker’s stock valued at $486,000 after buying an additional 293 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 91.37% of the company’s stock.

A number of research firms have weighed in on XLNX. Robert W. Baird cut shares of Xilinx from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $50.99 to $52.00 in a report on Wednesday, October 12th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, September 20th. MKM Partners lifted their price objective on shares of Xilinx from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, August 31st. Pacific Crest lifted their price objective on shares of Xilinx from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Xilinx in a report on Thursday, July 28th. Thirteen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Xilinx presently has an average rating of “Hold” and a consensus price target of $51.17.

Xilinx Company Profile

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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