Analysts Expect Xilinx, Inc. (XLNX) Will Announce Earnings of $0.54 Per Share
Equities research analysts expect that Xilinx, Inc. (NASDAQ:XLNX) will report earnings per share of $0.54 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Xilinx’s earnings, with estimates ranging from $0.54 to $0.56. Xilinx also posted earnings per share of $0.54 during the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 26th.
On average, analysts expect that Xilinx will report full-year earnings of $2.29 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.31. For the next financial year, analysts anticipate that the firm will post earnings of $2.44 per share, with EPS estimates ranging from $2.29 to $2.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Xilinx.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 25th. The programmable devices maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The firm earned $586 million during the quarter, compared to analyst estimates of $579.58 million. During the same quarter last year, the firm earned $0.49 EPS. Xilinx’s quarterly revenue was up 3.5% on a year-over-year basis.
Several brokerages recently issued reports on XLNX. Instinet restated a “reduce” rating and set a $45.00 price target on shares of Xilinx in a research note on Tuesday. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Tuesday. Rosenblatt Securities restated a “neutral” rating on shares of Xilinx in a research note on Thursday, February 23rd. Vetr lowered Xilinx from a “buy” rating to a “hold” rating and set a $62.15 price target on the stock. in a research note on Monday, March 13th. Finally, Deutsche Bank AG boosted their price target on Xilinx from $49.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Xilinx presently has an average rating of “Hold” and a consensus price target of $58.42.
Shares of Xilinx (NASDAQ:XLNX) traded up 1.73% during midday trading on Monday, reaching $57.71. The company’s stock had a trading volume of 4,330,523 shares. Xilinx has a 12 month low of $41.53 and a 12 month high of $62.24. The stock has a market capitalization of $14.37 billion, a P/E ratio of 25.31 and a beta of 1.15. The stock’s 50-day moving average is $58.06 and its 200 day moving average is $56.25.
In other Xilinx news, insider Vincent Tong sold 11,155 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $60.00, for a total transaction of $669,300.00. Following the transaction, the insider now owns 61,383 shares of the company’s stock, valued at approximately $3,682,980. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Michael Patterson sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $59.04, for a total value of $354,240.00. Following the transaction, the director now directly owns 20,164 shares in the company, valued at approximately $1,190,482.56. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of XLNX. Seven Eight Capital LP purchased a new position in Xilinx during the fourth quarter valued at about $159,000. Tower Research Capital LLC TRC increased its position in Xilinx by 33.0% in the third quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the programmable devices maker’s stock valued at $168,000 after buying an additional 766 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Xilinx during the fourth quarter valued at about $200,000. Seaward Management Limited Partnership purchased a new position in Xilinx during the third quarter valued at about $215,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new position in Xilinx during the fourth quarter valued at about $221,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
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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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