Brokerages forecast that Xilinx, Inc. (NASDAQ:XLNX) will report earnings of $0.94 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Xilinx’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.84. Xilinx posted earnings per share of $0.74 in the same quarter last year, which suggests a positive year over year growth rate of 27%. The business is expected to announce its next earnings results after the market closes on Wednesday, July 24th.
According to Zacks, analysts expect that Xilinx will report full year earnings of $3.91 per share for the current financial year, with EPS estimates ranging from $3.60 to $4.00. For the next year, analysts anticipate that the firm will post earnings of $4.43 per share, with EPS estimates ranging from $4.07 to $4.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Xilinx.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.02). The business had revenue of $828.36 million during the quarter, compared to analyst estimates of $826.51 million. Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS.
XLNX has been the topic of several research analyst reports. KeyCorp upped their price objective on shares of Tempur Sealy International from $80.00 to $90.00 and gave the stock a “positive” rating in a research note on Tuesday, June 18th. BMO Capital Markets decreased their price objective on shares of Superior Gold from C$2.00 to C$1.50 in a research note on Wednesday, May 15th. SunTrust Banks reaffirmed a “hold” rating and set a $44.00 price objective on shares of Shutterstock in a research note on Thursday, April 25th. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.18.
Xilinx stock traded up $0.54 during trading hours on Wednesday, hitting $120.86. 54,859 shares of the stock were exchanged, compared to its average volume of 2,761,481. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $30.42 billion, a PE ratio of 34.64, a P/E/G ratio of 2.57 and a beta of 1.27. Xilinx has a 12 month low of $66.35 and a 12 month high of $141.60. The stock has a 50-day moving average of $110.36.
In other Xilinx news, Director Elizabeth W. Vanderslice sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $101.50, for a total value of $203,000.00. Following the transaction, the director now directly owns 29,483 shares of the company’s stock, valued at $2,992,524.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Christopher Madden sold 3,733 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $114.88, for a total transaction of $428,847.04. Following the completion of the transaction, the executive vice president now directly owns 12,600 shares in the company, valued at $1,447,488. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,599 shares of company stock worth $1,385,314. Insiders own 0.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its holdings in Xilinx by 0.8% in 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. Bbva Compass Bancshares Inc. raised its holdings in Xilinx by 0.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 16,682 shares of the programmable devices maker’s stock worth $2,115,000 after purchasing an additional 109 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Xilinx by 6.0% in the first quarter. Cullen Frost Bankers Inc. now owns 2,627 shares of the programmable devices maker’s stock worth $333,000 after purchasing an additional 148 shares during the period. Commerce Bank raised its holdings in Xilinx by 0.5% in the first quarter. Commerce Bank now owns 28,734 shares of the programmable devices maker’s stock worth $3,643,000 after purchasing an additional 149 shares during the period. Finally, Naples Global Advisors LLC raised its holdings in Xilinx by 1.5% in the second quarter. Naples Global Advisors LLC now owns 10,447 shares of the programmable devices maker’s stock worth $1,232,000 after purchasing an additional 150 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
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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