Equities research analysts forecast that Xilinx, Inc. (NASDAQ:XLNX) will announce $0.93 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Xilinx’s earnings, with estimates ranging from $0.89 to $0.94. Xilinx reported earnings of $0.87 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is expected to report its next earnings results after the market closes on Wednesday, October 23rd.
According to Zacks, analysts expect that Xilinx will report full-year earnings of $3.77 per share for the current year, with EPS estimates ranging from $3.64 to $3.93. For the next year, analysts anticipate that the firm will report earnings of $4.28 per share, with EPS estimates ranging from $3.93 to $4.74. Zacks’ EPS averages are an average based on a survey of analysts that follow Xilinx.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $849.60 million during the quarter, compared to the consensus estimate of $849.76 million. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS.
Several analysts have recently commented on the company. BidaskClub downgraded Xilinx from a “sell” rating to a “strong sell” rating in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $165.00 target price on shares of Xilinx in a research note on Tuesday, October 1st. Needham & Company LLC restated a “hold” rating on shares of Xilinx in a research note on Wednesday, October 2nd. Bank of America downgraded Xilinx from a “buy” rating to a “neutral” rating in a research note on Friday, September 20th. Finally, ValuEngine downgraded Xilinx from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. Xilinx has a consensus rating of “Hold” and a consensus target price of $119.14.
In other Xilinx news, CEO Victor Peng sold 6,489 shares of Xilinx stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $100.00, for a total transaction of $648,900.00. Following the completion of the transaction, the chief executive officer now owns 66,887 shares in the company, valued at approximately $6,688,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent Tong sold 8,000 shares of Xilinx stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $105.00, for a total value of $840,000.00. Following the transaction, the executive vice president now owns 36,775 shares of the company’s stock, valued at approximately $3,861,375. The disclosure for this sale can be found here. Insiders have sold a total of 25,711 shares of company stock valued at $2,804,633 in the last quarter. Company insiders own 0.19% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its position in shares of Xilinx by 4.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,956 shares of the programmable devices maker’s stock worth $230,000 after buying an additional 81 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Xilinx by 5.1% during the 2nd quarter. Ballentine Partners LLC now owns 1,759 shares of the programmable devices maker’s stock worth $207,000 after buying an additional 85 shares in the last quarter. Lyell Wealth Management LP lifted its position in shares of Xilinx by 1.2% during the 2nd quarter. Lyell Wealth Management LP now owns 8,212 shares of the programmable devices maker’s stock worth $968,000 after buying an additional 100 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Xilinx by 0.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,002 shares of the programmable devices maker’s stock worth $2,005,000 after buying an additional 133 shares in the last quarter. Finally, Citizens Financial Group Inc RI lifted its position in shares of Xilinx by 114.2% during the 2nd quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock worth $30,000 after buying an additional 137 shares in the last quarter. 84.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XLNX opened at $96.22 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.22 and a quick ratio of 6.54. The stock has a 50-day moving average of $99.84 and a 200-day moving average of $112.24. The company has a market cap of $24.31 billion, a PE ratio of 27.65, a P/E/G ratio of 1.99 and a beta of 1.25. Xilinx has a one year low of $68.76 and a one year high of $141.60.
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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