Brokerages forecast that Xilinx, Inc. (NASDAQ:XLNX) will announce earnings of $0.73 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Xilinx’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.74. Xilinx posted earnings per share of $0.63 during the same quarter last year, which suggests a positive year over year growth rate of 15.9%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, July 25th.
According to Zacks, analysts expect that Xilinx will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.75 to $3.00. For the next year, analysts expect that the company will post earnings of $3.13 per share, with EPS estimates ranging from $2.90 to $3.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Xilinx.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.10. The firm had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $650.29 million. Xilinx had a return on equity of 29.98% and a net margin of 20.18%. Xilinx’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS.
A number of equities analysts have issued reports on XLNX shares. ValuEngine lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Saturday, April 7th. BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. JPMorgan Chase & Co. lowered Xilinx from a “neutral” rating to an “underweight” rating and set a $73.00 target price on the stock. in a research report on Friday, April 6th. Finally, KeyCorp cut their target price on Xilinx from $87.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, April 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Xilinx presently has an average rating of “Hold” and an average price target of $74.31.
NASDAQ XLNX traded up $0.13 on Monday, reaching $65.26. The company had a trading volume of 1,854,285 shares, compared to its average volume of 2,015,837. The stock has a market cap of $16.41 billion, a PE ratio of 23.18, a P/E/G ratio of 2.38 and a beta of 1.11. Xilinx has a 1 year low of $60.12 and a 1 year high of $78.02. The company has a quick ratio of 4.17, a current ratio of 4.42 and a debt-to-equity ratio of 0.52.
The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Tuesday, May 15th were given a dividend of $0.36 per share. This is a positive change from Xilinx’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, May 14th.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Xilinx by 2.6% during the 1st quarter. BlackRock Inc. now owns 17,968,994 shares of the programmable devices maker’s stock valued at $1,298,079,000 after acquiring an additional 448,428 shares in the last quarter. Blue Harbour Group L.P. grew its stake in Xilinx by 16.2% during the 1st quarter. Blue Harbour Group L.P. now owns 4,982,033 shares of the programmable devices maker’s stock worth $359,902,000 after buying an additional 694,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Xilinx by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,026,464 shares of the programmable devices maker’s stock worth $203,676,000 after buying an additional 106,582 shares during the last quarter. Winslow Capital Management LLC grew its stake in Xilinx by 1,424,784.8% during the 1st quarter. Winslow Capital Management LLC now owns 2,621,788 shares of the programmable devices maker’s stock worth $189,397,000 after buying an additional 2,621,604 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Xilinx by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,048,881 shares of the programmable devices maker’s stock worth $138,136,000 after buying an additional 24,623 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.
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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