Zacks: Brokerages Expect Xilinx, Inc. (XLNX) to Post $0.63 EPS

Equities analysts expect that Xilinx, Inc. (NASDAQ:XLNX) will post earnings per share (EPS) of $0.63 for the current quarter, according to Zacks. Nine analysts have made estimates for Xilinx’s earnings, with estimates ranging from $0.63 to $0.65. Xilinx posted earnings per share of $0.52 in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.2%. The firm is scheduled to issue its next earnings results on Wednesday, January 24th.

On average, analysts expect that Xilinx will report full-year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.71. For the next year, analysts expect that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.68 to $3.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Xilinx.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $620.00 million during the quarter, compared to analyst estimates of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS.

A number of analysts have recently weighed in on XLNX shares. SunTrust Banks reaffirmed a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. MKM Partners upped their price target on shares of Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research note on Sunday, October 8th. KeyCorp set a $78.00 price target on shares of Xilinx and gave the stock a “buy” rating in a research note on Wednesday, October 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 price target on shares of Xilinx in a research note on Wednesday, October 18th. Finally, Deutsche Bank upped their price target on shares of Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $70.68.

In related news, CFO Lorenzo Flores sold 2,828 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total transaction of $209,922.44. Following the completion of the sale, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at approximately $2,101,673.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Moshe Gavrielov sold 1,400 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $73.38, for a total transaction of $102,732.00. Following the sale, the chief executive officer now directly owns 111,413 shares of the company’s stock, valued at $8,175,485.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,728 shares of company stock worth $2,293,154. 0.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of XLNX. Acrospire Investment Management LLC bought a new stake in shares of Xilinx during the 2nd quarter worth $103,000. Sun Life Financial INC boosted its holdings in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Xilinx during the 3rd quarter worth $117,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Xilinx by 46.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after buying an additional 936 shares during the period. Finally, Comerica Securities Inc. bought a new stake in Xilinx in the 2nd quarter valued at $202,000. 95.00% of the stock is owned by institutional investors and hedge funds.

Shares of Xilinx (NASDAQ:XLNX) traded up $1.25 during trading hours on Friday, hitting $70.49. 3,346,500 shares of the stock were exchanged, compared to its average volume of 2,793,233. The firm has a market cap of $18,610.00, a price-to-earnings ratio of 29.74, a P/E/G ratio of 2.86 and a beta of 1.08. Xilinx has a 12 month low of $54.99 and a 12 month high of $75.14. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.99%. Xilinx’s dividend payout ratio (DPR) is 59.07%.

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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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