Analysts Anticipate Xilinx, Inc. (XLNX) Will Post Earnings of $0.63 Per Share

Equities analysts expect Xilinx, Inc. (NASDAQ:XLNX) to post $0.63 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Xilinx’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.63. Xilinx reported earnings of $0.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.2%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, January 24th.

On average, analysts expect that Xilinx will report full-year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.55 to $2.71. For the next fiscal year, analysts forecast that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.68 to $3.24. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Xilinx.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year.

A number of research analysts have recently commented on the company. Barclays reaffirmed a “hold” rating and set a $70.00 price target on shares of Xilinx in a research report on Friday. Argus upped their price target on Xilinx to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Goldman Sachs Group raised Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Finally, Morgan Stanley upped their price target on Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $71.70.

Shares of Xilinx (XLNX) traded down $0.27 during midday trading on Monday, hitting $75.44. The stock had a trading volume of 2,102,818 shares, compared to its average volume of 2,356,043. Xilinx has a 1 year low of $54.99 and a 1 year high of $77.26. 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 stock has a market cap of $18,940.00, a PE ratio of 31.83, a PEG ratio of 3.13 and a beta of 1.08.

In other Xilinx news, CEO Moshe Gavrielov sold 1,400 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $73.38, for a total value of $102,732.00. Following the sale, the chief executive officer now owns 111,413 shares of the company’s stock, valued at approximately $8,175,485.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Victor Peng sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,728 shares of company stock worth $3,809,354. Insiders own 0.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC increased its position in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after purchasing an additional 1,798 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Xilinx during the 3rd quarter valued at about $117,000. Sterling Capital Management LLC bought a new position in shares of Xilinx during the 2nd quarter valued at about $203,000. Pictet North America Advisors SA bought a new position in shares of Xilinx during the 3rd quarter valued at about $207,000. Finally, Banque Pictet & Cie SA bought a new position in shares of Xilinx during the 3rd quarter valued at about $207,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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