Analysts Expect Xilinx (XLNX) Will Post Earnings of $0.68 Per Share

Equities research analysts forecast that Xilinx (NASDAQ:XLNX) will report earnings per share of $0.68 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Xilinx’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.64. Xilinx reported earnings per share of $0.57 during the same quarter last year, which suggests a positive year-over-year growth rate of 19.3%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, April 25th.

On average, analysts expect that Xilinx will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.00. For the next year, analysts anticipate that the company will post earnings of $2.89 per share, with EPS estimates ranging from $2.75 to $2.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Xilinx.

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Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.58). Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $630.00 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year.

A number of research firms recently weighed in on XLNX. Barclays reaffirmed a “hold” rating and set a $70.00 price target on shares of Xilinx in a research note on Friday, January 19th. Mizuho reissued a “buy” rating and set a $74.00 price objective (up from $69.00) on shares of Xilinx in a report on Thursday, January 25th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Saturday. Credit Suisse Group boosted their price objective on Xilinx from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, KeyCorp reissued an “overweight” rating and set a $87.00 price objective (up from $78.00) on shares of Xilinx in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus target price of $74.16.

In other news, SVP Scott Hover-Smoot sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total value of $308,396.00. Following the completion of the transaction, the senior vice president now directly owns 37,569 shares of the company’s stock, valued at $2,694,448.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total value of $1,516,200.00. Following the completion of the transaction, the chief executive officer now directly owns 62,813 shares of the company’s stock, valued at $4,761,853.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,987 shares of company stock valued at $3,271,984. 0.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Xilinx by 3.1% in the fourth quarter. BlackRock Inc. now owns 17,520,566 shares of the programmable devices maker’s stock valued at $1,181,236,000 after acquiring an additional 525,871 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Xilinx by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,026,464 shares of the programmable devices maker’s stock valued at $203,676,000 after acquiring an additional 106,582 shares in the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Xilinx by 0.4% in the third quarter. Alkeon Capital Management LLC now owns 2,494,138 shares of the programmable devices maker’s stock valued at $176,660,000 after acquiring an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Xilinx by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,048,881 shares of the programmable devices maker’s stock valued at $138,136,000 after acquiring an additional 24,623 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Xilinx by 6.5% in the third quarter. Legal & General Group Plc now owns 1,313,981 shares of the programmable devices maker’s stock valued at $93,067,000 after acquiring an additional 79,891 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

XLNX stock traded down $4.40 during trading on Friday, reaching $66.30. 3,229,575 shares of the stock were exchanged, compared to its average volume of 2,387,596. Xilinx has a twelve month low of $54.99 and a twelve month high of $78.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08. The company has a market cap of $18,015.43, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

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Xilinx Company Profile

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).

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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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