Xilinx, Inc. (NASDAQ:XLNX) – Stock analysts at William Blair decreased their Q2 2018 EPS estimates for Xilinx in a report released on Wednesday. William Blair analyst A. Doradla now expects that the programmable devices maker will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.60.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $615.40 million for 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS.
XLNX has been the subject of several other reports. Vetr raised Xilinx from a “hold” rating to a “buy” rating and set a $65.52 target price for the company in a report on Tuesday, May 2nd. Morgan Stanley upped their target price on Xilinx from $67.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Pacific Crest reaffirmed an “overweight” rating and set a $70.00 target price on shares of Xilinx in a report on Friday, May 19th. Finally, Credit Suisse Group set a $75.00 target price on Xilinx and gave the company a “buy” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.57.
Xilinx (XLNX) traded down 1.723% on Monday, reaching $62.465. The company had a trading volume of 1,849,948 shares. The stock has a 50 day moving average of $65.39 and a 200 day moving average of $61.78. Xilinx has a 12 month low of $48.75 and a 12 month high of $68.68. The firm has a market capitalization of $15.53 billion, a PE ratio of 26.694 and a beta of 1.09.
A number of institutional investors have recently modified their holdings of XLNX. Westwood Management Corp IL bought a new stake in shares of Xilinx during the first quarter worth approximately $579,000. Glaxis Capital Management LLC bought a new stake in shares of Xilinx during the first quarter worth approximately $1,243,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Xilinx during the first quarter worth approximately $269,000. DnB Asset Management AS increased its stake in shares of Xilinx by 19.2% in the first quarter. DnB Asset Management AS now owns 27,966 shares of the programmable devices maker’s stock worth $1,619,000 after buying an additional 4,500 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Xilinx by 4.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 109,210 shares of the programmable devices maker’s stock worth $6,322,000 after buying an additional 5,000 shares during the period. 94.06% of the stock is owned by hedge funds and other institutional investors.
In other Xilinx news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the transaction, the insider now directly owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Krishna Rangasayee sold 15,000 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $64.89, for a total value of $973,350.00. Following the transaction, the insider now directly owns 15,555 shares of the company’s stock, valued at $1,009,363.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,388 shares of company stock valued at $4,235,482. 0.40% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s payout ratio is currently 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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