Xilinx, Inc. (NASDAQ:XLNX) – Equities researchers at KeyCorp lifted their Q3 2019 EPS estimates for Xilinx in a note issued to investors on Monday, September 24th. KeyCorp analyst J. Vinh now expects that the programmable devices maker will post earnings per share of $0.74 for the quarter, up from their previous forecast of $0.73. KeyCorp has a “Overweight” rating and a $90.00 price objective on the stock. KeyCorp also issued estimates for Xilinx’s Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $3.00 EPS, Q1 2020 earnings at $0.83 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.83 EPS, Q4 2020 earnings at $0.94 EPS and FY2020 earnings at $3.45 EPS.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The company had revenue of $684.00 million for the quarter, compared to the consensus estimate of $674.46 million. During the same quarter last year, the business posted $0.63 EPS. Xilinx’s revenue for the quarter was up 13.4% on a year-over-year basis.

Several other research analysts also recently commented on XLNX. BidaskClub downgraded Xilinx from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Bank of America raised Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, July 26th. SunTrust Banks lifted their target price on Xilinx to $76.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Rosenblatt Securities raised Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, July 26th. Finally, Morgan Stanley lifted their target price on Xilinx from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $79.70.

Shares of XLNX opened at $78.31 on Thursday. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.70 and a beta of 1.03. Xilinx has a 12 month low of $62.27 and a 12 month high of $79.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.11 and a current ratio of 4.38.

Hedge funds have recently bought and sold shares of the company. Squar Milner Financial Services LLC bought a new position in shares of Xilinx in the 2nd quarter worth about $105,000. Itau Unibanco Holding S.A. bought a new position in shares of Xilinx in the 2nd quarter worth about $123,000. ClariVest Asset Management LLC bought a new position in shares of Xilinx in the 2nd quarter worth about $149,000. Piedmont Investment Advisors LLC bought a new position in shares of Xilinx in the 2nd quarter worth about $187,000. Finally, Stephens Inc. AR raised its position in shares of Xilinx by 105.6% in the 2nd quarter. Stephens Inc. AR now owns 2,992 shares of the programmable devices maker’s stock worth $195,000 after acquiring an additional 1,537 shares in the last quarter. 87.38% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP William Christopher Madden sold 1,598 shares of Xilinx stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $65.01, for a total value of $103,885.98. Following the completion of the transaction, the senior vice president now directly owns 8,416 shares of the company’s stock, valued at approximately $547,124.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the transaction, the vice president now directly owns 10,271 shares of the company’s stock, valued at $753,583.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,943 shares of company stock valued at $1,693,880. Corporate insiders own 0.16% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 8th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, August 7th. Xilinx’s dividend payout ratio (DPR) is presently 50.88%.

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.

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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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