“We expect to Xilinx to report June quarter sales and EPS of $615 million (up 0.9% q/q) and $0.60 respectively which are also consensus. Outlook we ex- pect for the September quarter we view as flat-to-down in terms of sales which is seasonal off of stable communications business and continued positive trends in the company’s Advanced Products which are gaining share in the broader FPGA market segments in our opinion.”,” the firm’s analyst wrote.
Several other research analysts have also recently weighed in on XLNX. Barclays PLC raised Xilinx from an underweight rating to an equal weight rating and raised their target price for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Zacks Investment Research lowered Xilinx from a buy rating to a hold rating in a research report on Monday, May 1st. Vetr lowered Xilinx from a buy rating to a hold rating and set a $69.47 price target for the company. in a research report on Monday, June 26th. Jefferies Group LLC upgraded Xilinx from a hold rating to a buy rating and increased their price target for the company from $68.00 to $77.00 in a research report on Monday, July 10th. Finally, Instinet reiterated a reduce rating and issued a $45.00 price target on shares of Xilinx in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $64.57.
Xilinx (NASDAQ XLNX) traded up 1.05% during trading on Wednesday, reaching $62.42. 2,039,090 shares of the company were exchanged. The stock has a market capitalization of $15.52 billion, a PE ratio of 26.68 and a beta of 1.09. The firm’s 50 day moving average is $64.80 and its 200 day moving average is $61.97. Xilinx has a 52-week low of $48.75 and a 52-week high of $68.68.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The business had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Xilinx will post $2.54 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders 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 dividend yield of 2.24%. The ex-dividend date is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the transaction, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 38,531 shares of company stock valued at $2,461,740 over the last ninety days. Company insiders own 0.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ontario Teachers Pension Plan Board raised its position in shares of Xilinx by 11.2% in the second quarter. Ontario Teachers Pension Plan Board now owns 114,534 shares of the programmable devices maker’s stock worth $7,367,000 after buying an additional 11,493 shares in the last quarter. OxFORD Asset Management LLP raised its position in shares of Xilinx by 283.1% in the second quarter. OxFORD Asset Management LLP now owns 122,397 shares of the programmable devices maker’s stock worth $7,873,000 after buying an additional 90,448 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Xilinx by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 968,724 shares of the programmable devices maker’s stock worth $62,309,000 after buying an additional 5,657 shares in the last quarter. Virtu KCG Holdings LLC raised its position in shares of Xilinx by 74.8% in the second quarter. Virtu KCG Holdings LLC now owns 34,322 shares of the programmable devices maker’s stock worth $2,208,000 after buying an additional 14,683 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock worth $97,805,000 after buying an additional 1,232,206 shares in the last quarter. 94.61% of the stock is currently owned by institutional investors and hedge funds.
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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