Xilinx, Inc. (XLNX) Expected to Post Earnings of $0.63 Per Share

Brokerages expect Xilinx, Inc. (NASDAQ:XLNX) to announce $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Xilinx’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.65. Xilinx reported earnings per share of $0.52 in the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, January 24th.

On average, analysts expect that Xilinx will report full-year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.71. For the next year, analysts anticipate that the company will report earnings of $2.85 per share, with EPS estimates ranging from $2.68 to $3.24. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Xilinx.

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

A number of research firms have issued reports on XLNX. Barclays restated a “hold” rating and set a $70.00 target price on shares of Xilinx in a research report on Friday. Argus upped their target price on shares of Xilinx to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. BidaskClub upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Goldman Sachs Group upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Finally, Morgan Stanley upped their target price on shares of Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $71.70.

Xilinx (NASDAQ:XLNX) traded down $0.27 during trading on Monday, reaching $75.44. 2,102,818 shares of the company’s stock were exchanged, compared to its average volume of 2,356,043. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. Xilinx has a 52 week low of $54.99 and a 52 week high of $77.26. The firm has a market cap of $18,940.00, a P/E ratio of 31.83, a PEG ratio of 3.13 and a beta of 1.08.

In related news, CEO Moshe Gavrielov sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the completion of the sale, the chief executive officer now directly owns 62,813 shares of the company’s stock, valued at approximately $4,761,853.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Victor Peng sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,728 shares of company stock valued at $3,809,354. 0.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dempze Nancy E increased its stake in Xilinx by 14.3% during the 3rd quarter. Dempze Nancy E now owns 13,483 shares of the programmable devices maker’s stock worth $955,000 after purchasing an additional 1,685 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Xilinx by 3.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 101,921 shares of the programmable devices maker’s stock worth $7,219,000 after purchasing an additional 3,726 shares in the last quarter. Norinchukin Bank The increased its stake in Xilinx by 168.5% during the 3rd quarter. Norinchukin Bank The now owns 46,221 shares of the programmable devices maker’s stock worth $3,274,000 after purchasing an additional 29,008 shares in the last quarter. California Public Employees Retirement System increased its stake in Xilinx by 1.4% during the 2nd quarter. California Public Employees Retirement System now owns 613,012 shares of the programmable devices maker’s stock worth $39,429,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Nomura Holdings Inc. grew its stake in shares of Xilinx by 559.0% during the 2nd quarter. Nomura Holdings Inc. now owns 26,624 shares of the programmable devices maker’s stock worth $1,713,000 after acquiring an additional 22,584 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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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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