Zacks: Brokerages Anticipate Xilinx, Inc. (XLNX) to Announce $0.62 Earnings Per Share
Equities analysts expect that Xilinx, Inc. (NASDAQ:XLNX) will report earnings per share of $0.62 for the current quarter, Zacks reports. Nine analysts have made estimates for Xilinx’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.59. Xilinx posted earnings of $0.61 per share during the same quarter last year, which indicates 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.
According to Zacks, analysts expect that Xilinx will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.69. For the next 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 research analysts that cover Xilinx.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS.
A number of equities research analysts have commented on XLNX shares. Morgan Stanley reissued an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a research note on Monday, June 12th. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Vetr raised Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective for the company in a research note on Monday, June 19th. Pacific Crest reissued an “overweight” rating and issued a $70.00 price objective on shares of Xilinx in a research note on Wednesday, June 21st. Finally, BidaskClub raised Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx has a consensus rating of “Hold” and an average price target of $64.57.
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In other Xilinx news, CEO Moshe Gavrielov sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total value of $1,744,000.00. Following the sale, the chief executive officer now directly owns 270,856 shares in the company, valued at $18,894,914.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now owns 12,387 shares in the company, valued at $785,088.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,331 shares of company stock worth $12,086,196. Corporate insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of XLNX. Janus Henderson Group PLC raised its stake in shares of Xilinx by 743.4% in the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after buying an additional 6,423,813 shares during the period. Winslow Capital Management LLC bought a new stake in shares of Xilinx in the first quarter valued at $203,769,000. Canada Pension Plan Investment Board raised its stake in shares of Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after buying an additional 1,619,600 shares during the period. American Century Companies Inc. raised its stake in shares of Xilinx by 104.8% in the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after buying an additional 1,603,850 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after buying an additional 1,232,206 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.
Xilinx (XLNX) traded up 0.56% during midday trading on Thursday, reaching $71.53. The company’s stock had a trading volume of 2,119,368 shares. The firm has a 50 day moving average of $66.56 and a 200 day moving average of $63.96. Xilinx has a 52-week low of $48.75 and a 52-week high of $71.76. The firm has a market cap of $17.78 billion, a P/E ratio of 30.57 and a beta of 1.10.
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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