Analysts expect Xilinx, Inc. (NASDAQ:XLNX) to post $850.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Xilinx’s earnings, with the highest sales estimate coming in at $853.10 million and the lowest estimate coming in at $849.30 million. Xilinx reported sales of $684.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.3%. The company is expected to issue its next earnings results on Wednesday, July 24th.

On average, analysts expect that Xilinx will report full-year sales of $3.52 billion for the current year, with estimates ranging from $3.38 billion to $3.60 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.93 billion, with estimates ranging from $3.80 billion to $4.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Xilinx.

Xilinx (NASDAQ:XLNX) last released 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). Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The firm had revenue of $828.36 million for the quarter, compared to analyst estimates of $826.51 million. During the same period in the prior year, the business earned $0.75 earnings per share. Xilinx’s revenue for the quarter was up 29.8% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Xilinx from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Bank of America reissued a “buy” rating and issued a $143.00 target price on shares of Xilinx in a research report on Friday, May 3rd. ValuEngine cut shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Goldman Sachs Group cut shares of Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a research report on Thursday, April 25th. Finally, MKM Partners raised their target price on shares of Xilinx to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $117.68.

Shares of XLNX traded down $0.01 during mid-day trading on Monday, hitting $102.30. The company had a trading volume of 2,950,225 shares, compared to its average volume of 4,274,420. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.53 and a current ratio of 8.19. Xilinx has a 1-year low of $64.15 and a 1-year high of $141.60. The stock has a market capitalization of $25.98 billion, a PE ratio of 29.40, a P/E/G ratio of 2.15 and a beta of 1.22.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be issued a $0.37 dividend. This is a positive change from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, May 15th. This represents a $1.48 annualized dividend and a yield of 1.45%. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.

In other news, Director John Michael Patterson sold 2,000 shares of Xilinx stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $105.14, for a total transaction of $210,280.00. Following the sale, the director now owns 21,282 shares in the company, valued at $2,237,589.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vamsi Boppana sold 1,000 shares of Xilinx stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $103.12, for a total transaction of $103,120.00. Following the sale, the senior vice president now owns 698 shares in the company, valued at approximately $71,977.76. The disclosure for this sale can be found here. Insiders sold 8,020 shares of company stock worth $896,745 in the last 90 days. 0.16% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Xilinx during the first quarter valued at approximately $25,000. Shamrock Asset Management LLC purchased a new stake in shares of Xilinx during the first quarter valued at approximately $25,000. CWM LLC raised its stake in shares of Xilinx by 225.0% during the first quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after purchasing an additional 153 shares during the period. Coastal Investment Advisors Inc. purchased a new stake in shares of Xilinx during the first quarter valued at approximately $30,000. Finally, Arbor Wealth Management LLC purchased a new stake in shares of Xilinx during the first quarter valued at approximately $37,000. Institutional investors own 84.51% of the company’s stock.

About Xilinx

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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