Xilinx, Inc. (XLNX) Set to Announce Earnings on Wednesday
Xilinx, Inc. (NASDAQ:XLNX) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Xilinx to post earnings of $0.63 per share for the quarter. Xilinx has set its Q2 guidance at ~$0.55-0.69 EPS.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. Xilinx’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, analysts expect Xilinx to post $2.55 EPS for the current fiscal year and $2.81 EPS for the next fiscal year.
Shares of Xilinx, Inc. (NASDAQ XLNX) opened at 72.37 on Wednesday. Xilinx, Inc. has a 12 month low of $48.97 and a 12 month high of $73.32. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 30.93 and a beta of 1.10. The company’s 50-day moving average price is $68.69 and its 200-day moving average price is $64.69.
A number of equities research analysts have weighed in on XLNX shares. Pacific Crest restated an “overweight” rating and set a $70.00 price target on shares of Xilinx in a research report on Wednesday, June 21st. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Vetr downgraded Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price target on the stock. in a research report on Monday, June 26th. Jefferies Group LLC upgraded 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 research report on Monday, July 10th. Finally, Barclays PLC upgraded Xilinx from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. Xilinx presently has an average rating of “Hold” and an average target price of $66.57.
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In other news, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the transaction, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 28,600 shares of Xilinx stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $71.78, for a total transaction of $2,052,908.00. The disclosure for this sale can be found here. Insiders have sold 209,330 shares of company stock valued at $14,598,104 over the last quarter. Company insiders own 0.40% of the company’s stock.
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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