Xilinx, Inc. to Post Q4 2018 Earnings of $0.65 Per Share, SunTrust Banks Forecasts (XLNX)
Xilinx, Inc. (NASDAQ:XLNX) – Investment analysts at SunTrust Banks increased their Q4 2018 earnings per share (EPS) estimates for Xilinx in a research note issued on Monday. SunTrust Banks analyst W. Stein now anticipates that the programmable devices maker will post earnings of $0.65 per share for the quarter, up from their prior forecast of $0.62.
Other equities analysts also recently issued research reports about the company. Pacific Crest reiterated an “overweight” rating and set a $70.00 price target on shares of Xilinx in a research note on Monday, May 8th. Mizuho reiterated a “hold” rating and set a $64.00 price target on shares of Xilinx in a research note on Thursday, April 27th. Jefferies Group LLC lifted their price target on Xilinx from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Instinet reiterated a “reduce” rating and set a $50.00 price target (up previously from $45.00) on shares of Xilinx in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, March 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.74.
Xilinx (NASDAQ:XLNX) traded up 1.51% during mid-day trading on Thursday, reaching $65.41. The company had a trading volume of 1,081,714 shares. The company has a market capitalization of $16.22 billion, a P/E ratio of 28.19 and a beta of 1.15. Xilinx has a one year low of $43.50 and a one year high of $67.75. The stock has a 50 day moving average price of $61.33 and a 200 day moving average price of $58.52. Xilinx also saw some unusual options trading on Monday. Stock investors bought 5,435 put options on the stock. This represents an increase of 210% compared to the typical volume of 1,756 put options.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $609.50 million for the quarter, compared to analyst estimates of $605.25 million. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC raised its position in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the period. Whittier Trust Co. raised its position in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares during the period. O Shaughnessy Asset Management LLC raised its position in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the period. Seven Eight Capital LP purchased a new position in Xilinx during the fourth quarter worth approximately $159,000. Finally, First Mercantile Trust Co. raised its position in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.
In other Xilinx news, insider Krishna Rangasayee sold 15,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $64.89, for a total transaction of $973,350.00. Following the sale, the insider now owns 15,555 shares of the company’s stock, valued at approximately $1,009,363.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Moshe Gavrielov sold 25,400 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $64.08, for a total transaction of $1,627,632.00. Following the sale, the chief executive officer now directly owns 282,466 shares in the company, valued at approximately $18,100,421.28. The disclosure for this sale can be found here. Insiders have sold a total of 65,400 shares of company stock worth $4,222,247 in the last three months. Insiders own 0.52% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 16th will be issued a dividend of $0.35 per share. This is a boost from Xilinx’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.40 dividend on an annualized basis and a yield of 2.17%. Xilinx’s payout ratio is presently 57.89%.
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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