Xilinx Inc. (XLNX) to Release Quarterly Earnings on Wednesday
Xilinx Inc. (NASDAQ:XLNX) will be announcing its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company earned $574.90 million during the quarter, compared to analysts’ expectations of $571.06 million. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect Xilinx to post $2.23 EPS for the current fiscal year and $2.4 EPS for the next fiscal year.
Xilinx Inc. (NASDAQ:XLNX) opened at 49.70 on Tuesday. Xilinx Inc. has a 12-month low of $40.44 and a 12-month high of $55.49. The firm has a market cap of $12.60 billion, a PE ratio of 23.57 and a beta of 1.30. The firm’s 50-day moving average is $52.95 and its 200 day moving average is $48.81.
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In other Xilinx news, Director William G. Howard, Jr. sold 12,000 shares of Xilinx stock in a transaction on Monday, August 1st. The shares were sold at an average price of $51.15, for a total value of $613,800.00. Following the completion of the transaction, the director now owns 12,000 shares of the company’s stock, valued at $613,800. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vincent Tong sold 80,000 shares of Xilinx stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $51.79, for a total transaction of $4,143,200.00. Following the completion of the transaction, the insider now directly owns 107,879 shares of the company’s stock, valued at approximately $5,587,053.41. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in XLNX. Pinkerton Retirement Specialists LLC acquired a new position in Xilinx during the second quarter worth approximately $119,000. Compagnie Lombard Odier SCmA increased its position in shares of Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares during the period. Advisor Partners LLC increased its position in shares of Xilinx by 1.2% in the second quarter. Advisor Partners LLC now owns 4,899 shares of the programmable devices maker’s stock valued at $226,000 after buying an additional 58 shares during the period. Bessemer Group Inc. increased its position in shares of Xilinx by 426.4% in the second quarter. Bessemer Group Inc. now owns 5,190 shares of the programmable devices maker’s stock valued at $240,000 after buying an additional 4,204 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in shares of Xilinx during the second quarter valued at about $315,000. 91.37% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on XLNX. Citigroup Inc. raised their price target on shares of Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Zacks Investment Research cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Robert W. Baird cut shares of Xilinx from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $50.99 to $52.00 in a research note on Wednesday, October 12th. Jefferies Group raised their price target on shares of Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Deutsche Bank AG raised their price target on shares of Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Thirteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.17.
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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