Q3 2018 Earnings Forecast for Xilinx, Inc. (NASDAQ:XLNX) Issued By Jefferies Group
Xilinx, Inc. (NASDAQ:XLNX) – Investment analysts at Jefferies Group boosted their Q3 2018 earnings per share estimates for shares of Xilinx in a research note issued on Monday. Jefferies Group analyst M. Lipacis now expects that the programmable devices maker will post earnings of $0.64 per share for the quarter, up from their previous forecast of $0.62. Jefferies Group currently has a “Buy” rating and a $77.00 target price on the stock. Jefferies Group also issued estimates for Xilinx’s Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.54 EPS, Q1 2019 earnings at $0.73 EPS, Q2 2019 earnings at $0.75 EPS and Q1 2020 earnings at $0.83 EPS.
A number of other analysts have also recently issued reports on the company. Vetr cut Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price objective for the company. in a research report on Monday, June 26th. BidaskClub raised Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Pacific Crest reaffirmed an “overweight” rating and issued a $70.00 price objective on shares of Xilinx in a research report on Wednesday, June 21st. Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Xilinx in a research report on Friday, June 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a research report on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and an average target price of $62.92.
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Shares of Xilinx (NASDAQ:XLNX) traded down 0.4813% on Tuesday, reaching $67.9514. The company’s stock had a trading volume of 880,655 shares. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 29.2894 and a beta of 1.10. The company’s 50 day moving average is $65.80 and its 200-day moving average is $60.77. Xilinx has a 1-year low of $45.90 and a 1-year high of $68.58.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Xilinx had a return on equity of 24.41% and a net margin of 26.50%. The business had revenue of $609.50 million for the quarter, compared to the consensus estimate of $605.25 million. During the same period last year, the business earned $0.54 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year.
In other Xilinx news, insider Krishna Rangasayee sold 15,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $64.89, for a total transaction of $973,350.00. Following the sale, the insider now owns 15,555 shares of the company’s stock, valued at approximately $1,009,363.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Moshe Gavrielov sold 25,400 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $64.08, for a total transaction of $1,627,632.00. Following the sale, the chief executive officer now directly owns 282,466 shares in the company, valued at approximately $18,100,421.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,000 shares of company stock worth $4,862,471. 0.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLNX. Wealthsource Partners LLC boosted its position in Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock worth $364,000 after buying an additional 40 shares in the last quarter. HighTower Advisors LLC boosted its position in Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares in the last quarter. Capital Advantage Inc. boosted its position in Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock worth $384,000 after buying an additional 75 shares in the last quarter. Notis McConarty Edward boosted its position in Xilinx by 0.5% in the first quarter. Notis McConarty Edward now owns 20,595 shares of the programmable devices maker’s stock worth $1,192,000 after buying an additional 100 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Xilinx by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,067 shares of the programmable devices maker’s stock worth $235,000 after buying an additional 124 shares in the last quarter. 94.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
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