Analysts expect that Xilinx, Inc. (NASDAQ:XLNX) will post $0.95 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have provided estimates for Xilinx’s earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.93. Xilinx posted earnings of $0.64 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 48.4%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, April 24th.

On average, analysts expect that Xilinx will report full-year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.49 to $3.50. For the next fiscal year, analysts forecast that the business will report earnings of $3.88 per share, with EPS estimates ranging from $3.76 to $4.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Xilinx.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The company had revenue of $800.00 million for the quarter, compared to analysts’ expectations of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share.

A number of equities analysts recently commented on XLNX shares. SunTrust Banks lifted their price objective on Xilinx to $102.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. BMO Capital Markets lowered Xilinx from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $100.00 to $125.00 in a research note on Monday, March 4th. Morgan Stanley lifted their price objective on Xilinx from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 19th. Cowen reaffirmed a “market perform” rating and issued a $105.00 price objective (up from $81.00) on shares of Xilinx in a research note on Thursday, January 24th. Finally, Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Xilinx currently has a consensus rating of “Buy” and a consensus price target of $106.09.

A number of institutional investors and hedge funds have recently modified their holdings of XLNX. San Francisco Sentry Investment Group CA raised its position in shares of Xilinx by 5.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,729 shares of the programmable devices maker’s stock worth $148,000 after purchasing an additional 94 shares during the period. Elefante Mark B raised its position in shares of Xilinx by 1.4% during the fourth quarter. Elefante Mark B now owns 7,010 shares of the programmable devices maker’s stock worth $597,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Xilinx by 1.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 5,371 shares of the programmable devices maker’s stock worth $457,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Xilinx by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the programmable devices maker’s stock worth $1,699,000 after purchasing an additional 100 shares during the period. Finally, SP Asset Management raised its position in shares of Xilinx by 0.4% during the fourth quarter. SP Asset Management now owns 23,786 shares of the programmable devices maker’s stock worth $2,026,000 after purchasing an additional 102 shares during the period. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:XLNX traded down $0.35 during midday trading on Wednesday, hitting $134.06. 2,510,400 shares of the stock were exchanged, compared to its average volume of 3,646,661. The company has a current ratio of 4.38, a quick ratio of 4.08 and a debt-to-equity ratio of 0.46. The stock has a market cap of $33.44 billion, a P/E ratio of 47.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.18. Xilinx has a 12 month low of $62.54 and a 12 month high of $135.38.

Xilinx Company Profile

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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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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