Analysts Expect Xilinx, Inc. (XLNX) Will Announce Quarterly Sales of $620.40 Million

Equities analysts forecast that Xilinx, Inc. (NASDAQ:XLNX) will report $620.40 million in sales for the current quarter, according to Zacks. Nine analysts have provided estimates for Xilinx’s earnings, with estimates ranging from $619.97 million to $621.80 million. Xilinx posted sales of $579.21 million during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, October 25th.

On average, analysts expect that Xilinx will report full year sales of $620.40 million for the current year, with estimates ranging from $2.49 billion to $2.57 billion. For the next financial year, analysts forecast that the firm will post sales of $2.66 billion per share, with estimates ranging from $2.60 billion to $2.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Xilinx.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. During the same period last year, the company earned $0.61 earnings per share. Xilinx’s quarterly revenue was up 7.0% compared to the same quarter last year.

A number of brokerages have commented on XLNX. MKM Partners increased their target price on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a report on Sunday. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Mizuho reaffirmed a “neutral” rating and issued a $69.00 target price (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Thursday, July 27th. Finally, Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $53.00 to $60.00 in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx has an average rating of “Hold” and an average price target of $65.76.

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Xilinx (NASDAQ:XLNX) traded down 0.12% during trading on Friday, hitting $72.48. The stock had a trading volume of 1,546,673 shares. The stock’s 50 day moving average price is $67.77 and its 200 day moving average price is $64.37. Xilinx has a 12-month low of $48.75 and a 12-month high of $72.85. The firm has a market cap of $18.02 billion, a P/E ratio of 30.97 and a beta of 1.10.

In other Xilinx news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now owns 270,856 shares in the company, valued at $18,894,914.56. The disclosure for this sale can be found here. Insiders sold 209,330 shares of company stock worth $14,598,104 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of XLNX. Janus Henderson Group PLC increased its position in shares of Xilinx by 743.4% during the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock worth $468,770,000 after acquiring an additional 6,423,813 shares in the last quarter. Winslow Capital Management LLC bought a new position in Xilinx in the first quarter valued at $203,769,000. Canada Pension Plan Investment Board grew its position in Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after purchasing an additional 1,619,600 shares in the last quarter. American Century Companies Inc. grew its position in Xilinx by 104.8% in the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after purchasing an additional 1,603,850 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after purchasing an additional 1,232,206 shares in the last quarter. 97.42% of the stock is owned by institutional investors.

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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On average, analysts expect that Xilinx will report full year sales of $620.40 million for the current year, with estimates ranging from $2.49 billion to $2.57 billion. For the next financial year, analysts forecast that the firm will post sales of $2.66 billion per share, with estimates ranging from $2.60 billion to $2.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Xilinx.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. During the same period last year, the company earned $0.61 earnings per share. Xilinx’s quarterly revenue was up 7.0% compared to the same quarter last year.

A number of brokerages have commented on XLNX. MKM Partners increased their target price on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a report on Sunday. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Mizuho reaffirmed a “neutral” rating and issued a $69.00 target price (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research report on Thursday, July 27th. Finally, Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $53.00 to $60.00 in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx has an average rating of “Hold” and an average price target of $65.76.

TRADEMARK VIOLATION WARNING: This piece was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/11/analysts-expect-xilinx-inc-xlnx-will-announce-quarterly-sales-of-620-40-million.html.

Xilinx (NASDAQ:XLNX) traded down 0.12% during trading on Friday, hitting $72.48. The stock had a trading volume of 1,546,673 shares. The stock’s 50 day moving average price is $67.77 and its 200 day moving average price is $64.37. Xilinx has a 12-month low of $48.75 and a 12-month high of $72.85. The firm has a market cap of $18.02 billion, a P/E ratio of 30.97 and a beta of 1.10.

In other Xilinx news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now owns 270,856 shares in the company, valued at $18,894,914.56. The disclosure for this sale can be found here. Insiders sold 209,330 shares of company stock worth $14,598,104 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of XLNX. Janus Henderson Group PLC increased its position in shares of Xilinx by 743.4% during the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock worth $468,770,000 after acquiring an additional 6,423,813 shares in the last quarter. Winslow Capital Management LLC bought a new position in Xilinx in the first quarter valued at $203,769,000. Canada Pension Plan Investment Board grew its position in Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after purchasing an additional 1,619,600 shares in the last quarter. American Century Companies Inc. grew its position in Xilinx by 104.8% in the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after purchasing an additional 1,603,850 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after purchasing an additional 1,232,206 shares in the last quarter. 97.42% of the stock is owned by institutional investors.

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.

Get a free copy of the Zacks research report on Xilinx (XLNX)

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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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