Analysts expect Xilinx, Inc. (NASDAQ:XLNX) to report $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Xilinx’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.59. Xilinx posted earnings of $0.61 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, October 25th.

On average, analysts expect that Xilinx will report full-year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.43 to $2.69. For the next financial year, analysts anticipate that the firm will report earnings of $2.81 per share, with EPS estimates ranging from $2.60 to $3.18. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Xilinx.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year.

Several analysts recently commented on the stock. Vetr downgraded shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price target for the company. in a research report on Monday, June 26th. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Wells Fargo & Company downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research report on Tuesday, May 23rd. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Finally, Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Xilinx has a consensus rating of “Hold” and a consensus target price of $64.57.

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Shares of Xilinx (NASDAQ XLNX) traded up 0.72% on Friday, hitting $68.33. 3,320,569 shares of the company traded hands. The stock’s 50-day moving average price is $63.93 and its 200-day moving average price is $62.94. The company has a market capitalization of $16.99 billion, a PE ratio of 29.20 and a beta of 1.08. Xilinx has a 12 month low of $48.75 and a 12 month high of $68.75.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.

In related news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the sale, the senior vice president now directly owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Xilinx by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock valued at $1,779,622,000 after acquiring an additional 638,165 shares during the last quarter. Alliancebernstein L.P. grew its stake in Xilinx by 3.8% in the 1st quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after acquiring an additional 358,064 shares during the last quarter. Janus Henderson Group PLC grew its stake in Xilinx by 743.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after acquiring an additional 6,423,813 shares during the last quarter. Janus Capital Management LLC grew its stake in Xilinx by 12.1% in the 1st quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after acquiring an additional 764,384 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Xilinx by 9.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock valued at $269,040,000 after acquiring an additional 413,912 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

About Xilinx

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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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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