$0.75 Earnings Per Share Expected for Xilinx, Inc. (XLNX) This Quarter

Wall Street analysts expect Xilinx, Inc. (NASDAQ:XLNX) to announce $0.75 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Xilinx’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.73. Xilinx reported earnings per share of $0.65 during the same quarter last year, which would indicate a positive year over year growth rate of 15.4%. The company is expected to issue its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Xilinx will report full year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $3.03. For the next financial year, analysts expect that the company will post earnings of $3.29 per share, with EPS estimates ranging from $3.16 to $3.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Xilinx.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Xilinx had a net margin of 20.52% and a return on equity of 31.63%. The company had revenue of $684.00 million during the quarter, compared to the consensus estimate of $674.46 million. During the same period in the previous year, the firm earned $0.63 earnings per share. Xilinx’s revenue for the quarter was up 13.4% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Xilinx from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Rosenblatt Securities upgraded shares of Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Thursday, July 26th. ValuEngine upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Xilinx from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $76.78.

XLNX opened at $70.61 on Friday. The company has a quick ratio of 4.11, a current ratio of 4.38 and a debt-to-equity ratio of 0.52. Xilinx has a 52-week low of $60.12 and a 52-week high of $78.02. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 8th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.04%. Xilinx’s payout ratio is currently 50.88%.

In other news, Director John Michael Patterson sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $73.49, for a total transaction of $220,470.00. Following the transaction, the director now directly owns 23,282 shares of the company’s stock, valued at $1,710,994.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Lorenzo Flores sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total transaction of $534,975.00. Following the transaction, the chief financial officer now directly owns 34,381 shares in the company, valued at $2,452,396.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,209 shares of company stock worth $1,408,722. Corporate insiders own 0.16% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Xilinx by 5.5% in the second quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock valued at $1,237,325,000 after acquiring an additional 990,937 shares in the last quarter. Blue Harbour Group L.P. raised its holdings in Xilinx by 16.2% in the first quarter. Blue Harbour Group L.P. now owns 4,982,033 shares of the programmable devices maker’s stock valued at $359,902,000 after acquiring an additional 694,000 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Xilinx by 1.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,927,502 shares of the programmable devices maker’s stock valued at $321,569,000 after acquiring an additional 82,236 shares in the last quarter. Winslow Capital Management LLC raised its holdings in Xilinx by 1,424,784.8% in the first quarter. Winslow Capital Management LLC now owns 2,621,788 shares of the programmable devices maker’s stock valued at $189,397,000 after acquiring an additional 2,621,604 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Xilinx by 19.2% in the second quarter. American Century Companies Inc. now owns 2,579,054 shares of the programmable devices maker’s stock valued at $168,309,000 after acquiring an additional 416,092 shares in the last quarter. 89.24% of the stock is currently owned by institutional investors and hedge funds.

About Xilinx

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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