Xilinx, Inc. (XLNX) Expected to Post Earnings of $0.63 Per Share
Wall Street analysts predict that Xilinx, Inc. (NASDAQ:XLNX) will post earnings of $0.63 per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Xilinx’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.65. Xilinx posted earnings of $0.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.2%. The business is expected to report its next quarterly earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Xilinx will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.71. For the next fiscal year, analysts anticipate that the company will report earnings of $2.85 per share, with EPS estimates ranging from $2.68 to $3.24. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Xilinx.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS.
XLNX has been the topic of a number of research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Deutsche Bank AG increased their price target on Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Vetr reiterated a “hold” rating on shares of Xilinx in a research report on Thursday, July 20th. BidaskClub cut Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, KeyCorp set a $78.00 price target on Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Xilinx currently has an average rating of “Hold” and an average target price of $69.73.
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Shares of Xilinx (NASDAQ:XLNX) opened at $72.33 on Tuesday. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $18,035.98, a P/E ratio of 30.33, a PEG ratio of 2.97 and a beta of 1.10. Xilinx has a 1 year low of $51.67 and a 1 year high of $75.14.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 14th. Xilinx’s payout ratio is currently 59.07%.
In other news, CFO Lorenzo Flores sold 2,828 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total transaction of $209,922.44. Following the completion of the sale, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at approximately $2,101,673.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 121,400 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $70.73, for a total value of $8,586,622.00. Following the sale, the chief executive officer now directly owns 164,304 shares of the company’s stock, valued at $11,621,221.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,627 shares of company stock valued at $13,155,185. Corporate insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XLNX. Acrospire Investment Management LLC bought a new stake in shares of Xilinx during the 2nd quarter worth $103,000. Sun Life Financial INC lifted its holdings in shares of Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after purchasing an additional 1,798 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Xilinx in the third quarter valued at $117,000. Huntington National Bank lifted its holdings in shares of Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after purchasing an additional 1,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Xilinx by 46.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after purchasing an additional 936 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.
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.
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