Xilinx, Inc. (NASDAQ:XLNX) – Research analysts at SunTrust Banks reduced their Q1 2020 earnings per share estimates for shares of Xilinx in a report released on Wednesday, May 23rd. SunTrust Banks analyst W. Stein now expects that the programmable devices maker will earn $0.76 per share for the quarter, down from their previous forecast of $0.80. SunTrust Banks currently has a “Hold” rating and a $72.00 price target on the stock. SunTrust Banks also issued estimates for Xilinx’s Q2 2020 earnings at $0.80 EPS and Q3 2020 earnings at $0.83 EPS.
XLNX has been the topic of several other reports. ValuEngine downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Saturday, April 7th. BidaskClub raised shares of Xilinx from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. JPMorgan Chase & Co. downgraded shares of Xilinx from a “neutral” rating to an “underweight” rating and set a $73.00 target price on the stock. in a research note on Friday, April 6th. Finally, KeyCorp cut their target price on shares of Xilinx from $87.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and an average target price of $74.10.
Shares of XLNX opened at $68.74 on Thursday. Xilinx has a fifty-two week low of $60.12 and a fifty-two week high of $78.02. The company has a market cap of $18.16 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11. The company has a current ratio of 4.42, a quick ratio of 4.17 and a debt-to-equity ratio of 0.52.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 25th. The programmable devices maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. Xilinx had a net margin of 20.18% and a return on equity of 29.98%. The firm had revenue of $673.00 million for the quarter, compared to analyst estimates of $650.29 million. During the same period in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th will be given a $0.36 dividend. The ex-dividend date is Monday, May 14th. This is an increase from Xilinx’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.09%.
Several large investors have recently made changes to their positions in XLNX. NuWave Investment Management LLC purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $102,000. Tower Research Capital LLC TRC purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $106,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $116,000. Cerebellum GP LLC purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $126,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Xilinx in the 4th quarter valued at approximately $137,000. 88.27% of the stock is currently owned by institutional investors.
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; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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