Xilinx, Inc. (NASDAQ:XLNX) Releases Q2 Earnings Guidance
Xilinx, Inc. (NASDAQ:XLNX) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ~$0.55-0.69 for the period, compared to the Thomson Reuters consensus estimate of $0.61. The company issued revenue guidance of $605-635 million, compared to the consensus revenue estimate of $617.05 million.
Shares of Xilinx, Inc. (XLNX) traded up 1.33% during trading on Wednesday, reaching $65.32. 3,054,935 shares of the company’s stock traded hands. Xilinx, Inc. has a 1-year low of $48.53 and a 1-year high of $68.68. The stock has a 50-day moving average of $65.85 and a 200-day moving average of $61.54. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 28.16 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The company had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Xilinx, Inc. will post $2.49 EPS for the current fiscal year.
XLNX has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of 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. Vetr raised shares of Xilinx from a hold rating to a buy rating and set a $65.52 price target for the company in a report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a buy rating on shares of Xilinx in a report on Wednesday, May 24th. Jefferies Group LLC raised shares of Xilinx from a hold rating to a buy rating and raised their price target for the company from $68.00 to $77.00 in a report on Monday, July 10th. Finally, BidaskClub lowered shares of Xilinx from a strong-buy rating to a buy rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $63.27.
In other Xilinx news, CEO Moshe Gavrielov sold 400 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.73, for a total transaction of $27,092.00. Following the transaction, the chief executive officer now owns 235,366 shares of the company’s stock, valued at approximately $15,941,339.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Krishna Rangasayee sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $64.89, for a total transaction of $973,350.00. Following the transaction, the insider now directly owns 15,555 shares in the company, valued at approximately $1,009,363.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,000 shares of company stock worth $4,862,471. 0.40% of the stock is owned by corporate insiders.
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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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