Xilinx, Inc. (NASDAQ:XLNX) – Stock analysts at William Blair upped their Q3 2018 EPS estimates for shares of Xilinx in a report issued on Wednesday, Zacks Investment Research reports. William Blair analyst A. Doradla now forecasts that the programmable devices maker will post earnings per share of $0.63 for the quarter, up from their prior estimate of $0.59. William Blair also issued estimates for Xilinx’s Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.55 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.70 EPS.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping 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 firm 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 firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis.
A number of other brokerages also recently issued reports on XLNX. KeyCorp set a $78.00 price target on shares of Xilinx and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 target price on shares of Xilinx in a research note on Wednesday, October 18th. MKM Partners raised their target price on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday, October 8th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Xilinx currently has an average rating of “Hold” and an average target price of $69.73.
Shares of Xilinx (NASDAQ XLNX) opened at $71.87 on Friday. Xilinx has a fifty-two week low of $50.78 and a fifty-two week high of $75.14. The stock has a market cap of $18,035.99, a PE ratio of 30.32, a PEG ratio of 2.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Xilinx’s dividend payout ratio is currently 59.07%.
In related news, CFO Lorenzo Flores sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total transaction of $209,922.44. Following the completion of the transaction, the chief financial officer now directly owns 28,313 shares in the company, valued at approximately $2,101,673.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $70.73, for a total value of $8,586,622.00. Following the completion of the transaction, the chief executive officer now directly owns 164,304 shares in the company, valued at $11,621,221.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,627 shares of company stock valued at $13,155,185. Corporate insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of XLNX. Janus Henderson Group PLC raised its holdings in shares of Xilinx by 743.4% during the 2nd 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. Canada Pension Plan Investment Board raised its holdings in shares of Xilinx by 779.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock worth $117,537,000 after acquiring an additional 1,619,600 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Xilinx by 104.8% during the 2nd quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock worth $201,592,000 after acquiring an additional 1,603,850 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Xilinx by 427.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock worth $97,805,000 after acquiring an additional 1,232,206 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Xilinx by 67.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock worth $163,044,000 after acquiring an additional 928,405 shares in the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.
Xilinx Company Profile
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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