Xilinx, Inc. (NASDAQ:XLNX) – Analysts at SunTrust Banks lifted their Q2 2018 earnings per share estimates for Xilinx in a research report issued to clients and investors on Thursday. SunTrust Banks analyst W. Stein now expects that the programmable devices maker will earn $0.62 per share for the quarter, up from their prior estimate of $0.59. SunTrust Banks also issued estimates for Xilinx’s Q3 2018 earnings at $0.60 EPS and FY2018 earnings at $2.51 EPS.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. ILLEGAL ACTIVITY NOTICE: “Q2 2018 EPS Estimates for Xilinx, Inc. Increased by SunTrust Banks (NASDAQ:XLNX)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://sportsperspectives.com/2017/08/10/q2-2018-eps-estimates-for-xilinx-inc-increased-by-suntrust-banks-nasdaqxlnx-updated.html.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Friday, April 28th. Vetr upgraded Xilinx from a “hold” rating to a “buy” rating and set a $65.52 price objective for the company in a report on Tuesday, May 2nd. Credit Suisse Group reiterated a “buy” rating on shares of Xilinx in a report on Wednesday, May 24th. Jefferies Group LLC upgraded Xilinx from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $77.00 in a report on Monday, July 10th. Finally, BidaskClub cut Xilinx from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.38.
Shares of Xilinx (NASDAQ:XLNX) opened at 63.67 on Monday. The company has a market capitalization of $15.78 billion, a P/E ratio of 27.21 and a beta of 1.10. Xilinx has a one year low of $48.75 and a one year high of $68.68. The firm has a 50-day moving average price of $65.47 and a 200-day moving average price of $61.66.
Hedge funds have recently modified their holdings of the company. Wealthsource Partners LLC raised its stake in shares of Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 40 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock valued at $409,000 after buying an additional 60 shares during the last quarter. Notis McConarty Edward raised its stake in shares of Xilinx by 0.3% in the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock valued at $1,328,000 after buying an additional 60 shares during the last quarter. Capital Advantage Inc. raised its stake in shares of Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock valued at $384,000 after buying an additional 75 shares during the last quarter. Finally, ING Groep NV raised its stake in shares of Xilinx by 0.3% in the second quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock valued at $1,973,000 after buying an additional 93 shares during the last quarter. 94.06% of the stock is owned by institutional investors.
In related news, CEO Moshe Gavrielov sold 400 shares of Xilinx stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $67.73, for a total value of $27,092.00. Following the completion of the sale, the chief executive officer now owns 235,366 shares of the company’s stock, valued at $15,941,339.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 9,600 shares of Xilinx stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total value of $640,224.00. Following the completion of the sale, the chief financial officer now directly owns 19,058 shares of the company’s stock, valued at approximately $1,270,978.02. The disclosure for this sale can be found here. In the last three months, insiders sold 49,600 shares of company stock valued at $3,234,839. Corporate insiders own 0.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
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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