Xilinx, Inc. (NASDAQ:XLNX) Scheduled to Post Earnings on Wednesday
Xilinx, Inc. (NASDAQ:XLNX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Xilinx has set its Q1 guidance at $0.53-0.66 EPS.
Xilinx (NASDAQ:XLNX) last announced its quarterly 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 firm had revenue of $609.50 million for the quarter, compared to the consensus estimate of $605.25 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect Xilinx to post $2.49 EPS for the current fiscal year and $2.79 EPS for the next fiscal year.
Shares of Xilinx, Inc. (NASDAQ XLNX) opened at 65.63 on Wednesday. The company’s 50-day moving average is $66.01 and its 200-day moving average is $61.37. Xilinx, Inc. has a one year low of $47.53 and a one year high of $68.68. The stock has a market capitalization of $16.28 billion, a P/E ratio of 28.29 and a beta of 1.10.
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In other news, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the transaction, the chief financial officer now directly owns 19,058 shares in the company, valued at approximately $1,270,978.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Krishna Rangasayee sold 15,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $64.89, for a total value of $973,350.00. Following the transaction, the insider now owns 15,555 shares of the company’s stock, valued at $1,009,363.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,000 shares of company stock valued at $4,862,471. 0.40% of the stock is owned by company insiders.
Several research analysts recently weighed in on the stock. Pacific Crest reissued an “overweight” rating and issued a $70.00 target price on shares of Xilinx in a research note on Monday, May 8th. Jefferies Group LLC boosted their target price on shares of Xilinx from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Mizuho reaffirmed a “hold” rating and set a $64.00 price objective on shares of Xilinx in a research note on Thursday, April 27th. Instinet upped their price objective on shares of Xilinx from $45.00 to $50.00 and gave the company a “reduce” rating in a research note on Wednesday, May 24th. Finally, BidaskClub downgraded shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $63.27.
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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