Q3 2018 EPS Estimates for Xilinx, Inc. Increased by Jefferies Group (XLNX)
Xilinx, Inc. (NASDAQ:XLNX) – Investment analysts at Jefferies Group boosted their Q3 2018 earnings per share (EPS) estimates for Xilinx in a research note issued on Monday. Jefferies Group analyst M. Lipacis now expects that the programmable devices maker will earn $0.64 per share for the quarter, up from their previous forecast of $0.62. Jefferies Group currently has a “Buy” rating and a $77.00 target price on the stock. Jefferies Group also issued estimates for Xilinx’s Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.54 EPS, Q1 2019 earnings at $0.73 EPS, Q2 2019 earnings at $0.75 EPS and Q1 2020 earnings at $0.83 EPS.
Several other analysts have also recently commented on XLNX. Vetr cut Xilinx from a “buy” rating to a “hold” rating and set a $62.15 price target for the company. in a report on Monday, March 13th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, March 28th. Macquarie initiated coverage on Xilinx in a report on Thursday, March 30th. They issued a “neutral” rating and a $60.00 price target for the company. Instinet restated a “reduce” rating and issued a $45.00 price target on shares of Xilinx in a report on Tuesday, April 18th. Finally, Credit Suisse Group upgraded Xilinx from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $70.00 in a report on Monday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Xilinx presently has a consensus rating of “Hold” and an average price target of $62.92.
Shares of Xilinx (NASDAQ XLNX) traded up 0.46% during midday trading on Tuesday, hitting $67.49. 1,372,559 shares of the company were exchanged. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 29.09 and a beta of 1.10. Xilinx has a 52-week low of $45.90 and a 52-week high of $68.55. The company has a 50-day moving average price of $65.80 and a 200-day moving average price of $60.77.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The business had revenue of $609.50 million during the quarter, compared to analyst estimates of $605.25 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year.
In related news, CEO Moshe Gavrielov sold 25,400 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $64.08, for a total transaction of $1,627,632.00. Following the transaction, the chief executive officer now directly owns 282,466 shares of the company’s stock, valued at approximately $18,100,421.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 9,600 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total value of $640,224.00. Following the transaction, the chief financial officer now directly owns 19,058 shares in the company, valued at $1,270,978.02. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock worth $4,862,471 over the last three months. 0.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. DnB Asset Management AS raised its position in shares of Xilinx by 19.2% in the first quarter. DnB Asset Management AS now owns 27,966 shares of the programmable devices maker’s stock worth $1,619,000 after buying an additional 4,500 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Xilinx by 4.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 109,210 shares of the programmable devices maker’s stock worth $6,322,000 after buying an additional 5,000 shares during the last quarter. National Pension Service raised its position in shares of Xilinx by 1.1% in the first quarter. National Pension Service now owns 231,227 shares of the programmable devices maker’s stock worth $13,383,000 after buying an additional 2,527 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Xilinx by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 78,020 shares of the programmable devices maker’s stock worth $4,516,000 after buying an additional 1,000 shares during the last quarter. Finally, Trust Co. of Oklahoma raised its position in shares of Xilinx by 2.5% in the first quarter. Trust Co. of Oklahoma now owns 14,819 shares of the programmable devices maker’s stock worth $858,000 after buying an additional 361 shares during the last quarter. 94.11% of the stock is currently owned by hedge funds and other institutional investors.
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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