Brokerages forecast that Xilinx, Inc. (NASDAQ:XLNX) will announce sales of $710.33 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Xilinx’s earnings, with estimates ranging from $709.53 million to $712.80 million. Xilinx reported sales of $619.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Xilinx will report full year sales of $2.86 billion for the current financial year, with estimates ranging from $2.85 billion to $2.89 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.09 billion per share, with estimates ranging from $2.93 billion to $3.21 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Xilinx.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $684.00 million during the quarter, compared to analyst estimates of $674.46 million. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. Xilinx’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS.
XLNX has been the subject of a number of analyst reports. Robert W. Baird raised Xilinx from a “neutral” rating to an “outperform” rating and increased their price target for the company from $71.00 to $90.00 in a research report on Tuesday, August 28th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Friday, July 27th. Morgan Stanley increased their price target on Xilinx from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, July 26th. JPMorgan Chase & Co. lowered their price target on Xilinx from $70.00 to $68.00 and set an “underweight” rating for the company in a research report on Wednesday, May 23rd. Finally, BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Xilinx currently has a consensus rating of “Buy” and an average target price of $78.47.
In related news, 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 sale, the vice president now owns 10,271 shares of the company’s stock, valued at approximately $753,583.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the senior vice president now directly owns 8,416 shares of the company’s stock, valued at approximately $547,124.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,209 shares of company stock valued at $1,560,102. Insiders own 0.16% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Squar Milner Financial Services LLC purchased a new stake in Xilinx in the 2nd quarter worth about $105,000. Itau Unibanco Holding S.A. purchased a new stake in Xilinx in the 2nd quarter worth about $123,000. Massey Quick Simon & CO. LLC increased its holdings in Xilinx by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,944 shares of the programmable devices maker’s stock worth $140,000 after acquiring an additional 972 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Xilinx in the 2nd quarter worth about $149,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Xilinx in the 2nd quarter worth about $187,000. 87.43% of the stock is owned by institutional investors.
NASDAQ XLNX traded down $0.84 on Wednesday, reaching $77.20. The company had a trading volume of 2,108,092 shares, compared to its average volume of 1,892,851. The firm has a market capitalization of $19.74 billion, a P/E ratio of 27.28, a PEG ratio of 2.75 and a beta of 1.03. Xilinx has a 52-week low of $62.27 and a 52-week high of $79.50. The company has a current ratio of 4.38, a quick ratio of 4.11 and a debt-to-equity ratio of 0.52.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, August 7th. Xilinx’s dividend payout ratio 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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