Xilinx Inc. (NASDAQ:XLNX) is set to issue its quarterly earnings data after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $571.06 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect Xilinx to post $2.22 EPS for the current fiscal year and $2.38 EPS for the next fiscal year.
Xilinx Inc. (NASDAQ:XLNX) opened at 49.99 on Monday. Xilinx Inc. has a 12 month low of $40.44 and a 12 month high of $55.49. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 23.70 and a beta of 1.30. The firm’s 50-day moving average is $53.08 and its 200 day moving average is $48.77.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, September 20th. Deutsche Bank AG raised their price target on shares of Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. MKM Partners raised their price target on shares of Xilinx from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Pacific Crest lifted their price objective on shares of Xilinx from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price objective on shares of Xilinx in a research report on Thursday, July 28th. Thirteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.17.
In other Xilinx news, Director Marshall C. Turner sold 16,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the completion of the transaction, the director now directly owns 49,384 shares in the company, valued at $2,469,200. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven L. Glaser sold 9,922 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $51.21, for a total transaction of $508,105.62. Following the completion of the transaction, the insider now owns 20,118 shares of the company’s stock, valued at $1,030,242.78. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC purchased a new position in shares of Xilinx during the second quarter valued at approximately $119,000. Compagnie Lombard Odier SCmA boosted its stake in Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares in the last quarter. Advisor Partners LLC boosted its stake in Xilinx by 1.2% in the second quarter. Advisor Partners LLC now owns 4,899 shares of the programmable devices maker’s stock valued at $226,000 after buying an additional 58 shares in the last quarter. Bessemer Group Inc. boosted its stake in Xilinx by 426.4% in the second quarter. Bessemer Group Inc. now owns 5,190 shares of the programmable devices maker’s stock valued at $240,000 after buying an additional 4,204 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in Xilinx during the second quarter valued at approximately $315,000. Institutional investors own 91.37% of the company’s stock.
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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