Equities research analysts predict that Xilinx, Inc. (NASDAQ:XLNX) will announce sales of $825.59 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Xilinx’s earnings. The lowest sales estimate is $820.03 million and the highest is $830.00 million. Xilinx reported sales of $672.86 million during the same quarter last year, which indicates a positive year over year growth rate of 22.7%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, April 24th.

According to Zacks, analysts expect that Xilinx will report full year sales of $3.05 billion for the current financial year, with estimates ranging from $2.97 billion to $3.06 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.42 billion, with estimates ranging from $3.10 billion to $3.64 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Xilinx.

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

XLNX has been the subject of a number of analyst reports. Argus upgraded shares of Xilinx to a “buy” rating in a research note on Wednesday, January 9th. SunTrust Banks lifted their target price on shares of Xilinx to $102.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. ValuEngine upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Finally, Mizuho upgraded shares of Xilinx from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Xilinx has a consensus rating of “Buy” and an average target price of $106.09.

NASDAQ XLNX traded down $0.35 during trading on Friday, reaching $134.06. The company’s stock had a trading volume of 2,510,400 shares, compared to its average volume of 3,646,661. The company has a quick ratio of 4.08, a current ratio of 4.38 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $33.44 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.18. Xilinx has a 1-year low of $62.54 and a 1-year high of $135.38.

Several institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC acquired a new position in Xilinx during the 4th quarter valued at $25,000. Ropes Wealth Advisors LLC raised its stake in Xilinx by 42.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after purchasing an additional 107 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in Xilinx by 206.8% during the 1st quarter. TCI Wealth Advisors Inc. now owns 359 shares of the programmable devices maker’s stock valued at $46,000 after purchasing an additional 242 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Xilinx by 2,925.0% during the 4th quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock valued at $41,000 after purchasing an additional 468 shares during the last quarter. Finally, Essex Savings Bank acquired a new position in Xilinx during the 4th quarter valued at $68,000. Institutional investors and hedge funds own 88.50% of the company’s stock.

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.

See Also: Diversification in Your Portfolio

Get a free copy of the Zacks research report on Xilinx (XLNX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.