Brokerages forecast that Xilinx, Inc. (NASDAQ:XLNX) will report sales of $630.02 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Xilinx’s earnings. The lowest sales estimate is $629.00 million and the highest is $631.20 million. Xilinx posted sales of $585.69 million in the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, January 24th.
On average, analysts expect that Xilinx will report full year sales of $630.02 million for the current year, with estimates ranging from $2.50 billion to $2.54 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.66 billion per share, with estimates ranging from $2.62 billion to $2.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Xilinx.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis.
Shares of Xilinx (NASDAQ:XLNX) opened at $75.54 on Wednesday. Xilinx has a 52-week low of $54.99 and a 52-week high of $77.26. The firm has a market capitalization of $18,980.00, a PE ratio of 31.87, a PEG ratio of 3.13 and a beta of 1.08. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.
In other Xilinx news, CEO Moshe Gavrielov sold 1,400 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $73.38, for a total transaction of $102,732.00. Following the transaction, the chief executive officer now directly owns 111,413 shares in the company, valued at $8,175,485.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 28,313 shares in the company, valued at $2,101,673.99. The disclosure for this sale can be found here. Insiders have sold 51,728 shares of company stock worth $3,809,354 over the last quarter. Company insiders own 0.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Dempze Nancy E boosted its stake in shares of Xilinx by 14.3% during the third quarter. Dempze Nancy E now owns 13,483 shares of the programmable devices maker’s stock valued at $955,000 after purchasing an additional 1,685 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Xilinx by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 101,921 shares of the programmable devices maker’s stock valued at $7,219,000 after purchasing an additional 3,726 shares during the period. Norinchukin Bank The boosted its stake in shares of Xilinx by 168.5% during the third quarter. Norinchukin Bank The now owns 46,221 shares of the programmable devices maker’s stock valued at $3,274,000 after purchasing an additional 29,008 shares during the period. Nomura Holdings Inc. boosted its stake in shares of Xilinx by 559.0% during the second quarter. Nomura Holdings Inc. now owns 26,624 shares of the programmable devices maker’s stock valued at $1,713,000 after purchasing an additional 22,584 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Xilinx by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 374,177 shares of the programmable devices maker’s stock valued at $26,503,000 after purchasing an additional 1,884 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.
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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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