Xilinx, Inc. (NASDAQ:XLNX) – Research analysts at SunTrust Banks increased their Q2 2018 EPS estimates for Xilinx in a research note issued to investors on Thursday. SunTrust Banks analyst W. Stein now forecasts that the programmable devices maker will earn $0.62 per share for the quarter, up from their previous 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 posted its quarterly earnings data 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 net margin of 26.22% and a return on equity of 24.70%. The company had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis.
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Several other analysts have also recently weighed in on the company. Wells Fargo & Company cut Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a report on Tuesday, May 23rd. Vetr raised 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 raised Xilinx from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $65.00 to $70.00 in a report on Monday, April 24th. BidaskClub raised Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Finally, Pacific Crest reissued an “overweight” rating and set a $70.00 price objective on shares of Xilinx in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Xilinx presently has an average rating of “Hold” and a consensus price target of $64.57.
Xilinx (XLNX) traded up 0.36% during trading on Monday, hitting $63.49. 680,287 shares of the stock traded hands. The stock has a market cap of $15.78 billion, a P/E ratio of 27.13 and a beta of 1.10. Xilinx has a 52 week low of $48.75 and a 52 week high of $68.68. The firm’s 50-day moving average is $65.41 and its 200 day moving average is $61.74.
The business also recently disclosed 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 2.21%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio is currently 60.09%.
In other news, CFO Lorenzo Flores sold 9,600 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the sale, the chief financial officer now owns 19,058 shares in the company, valued at approximately $1,270,978.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 400 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 235,366 shares in the company, valued at approximately $15,941,339.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,600 shares of company stock worth $3,234,839. Company insiders own 0.40% of the company’s stock.
Several large investors have recently made changes to their positions in XLNX. TrimTabs Asset Management LLC boosted its stake in shares of Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares in the last quarter. Institutional investors own 94.06% of the company’s stock.
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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