Today, Xilinx Inc. (XLNX) to Release Quarterly Earnings on Wednesday

Today, Xilinx Inc. (XLNX) to Release Quarterly Earnings on Wednesday

Xilinx Inc. (NASDAQ:XLNX) will be announcing its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company earned $574.90 million during the quarter, compared to analysts’ expectations of $571.06 million. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect Xilinx to post $2.23 EPS for the current fiscal year and $2.4 EPS for the next fiscal year.

Xilinx Inc. (NASDAQ:XLNX) opened at 49.70 on Tuesday. Xilinx Inc. has a 12-month low of $40.44 and a 12-month high of $55.49. The firm has a market cap of $12.60 billion, a PE ratio of 23.57 and a beta of 1.30. The firm’s 50-day moving average is $52.95 and its 200 day moving average is $48.81.

In other Xilinx news, Director William G. Howard, Jr. sold 12,000 shares of Xilinx stock in a transaction on Monday, August 1st. The shares were sold at an average price of $51.15, for a total value of $613,800.00. Following the completion of the transaction, the director now owns 12,000 shares of the company’s stock, valued at $613,800. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vincent Tong sold 80,000 shares of Xilinx stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $51.79, for a total transaction of $4,143,200.00. Following the completion of the transaction, the insider now directly owns 107,879 shares of the company’s stock, valued at approximately $5,587,053.41. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in XLNX. Pinkerton Retirement Specialists LLC acquired a new position in Xilinx during the second quarter worth approximately $119,000. Compagnie Lombard Odier SCmA increased its position in shares of Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares during the period. Advisor Partners LLC increased its position in shares of Xilinx by 1.2% in the second quarter. Advisor Partners LLC now owns 4,899 shares of the programmable devices maker’s stock valued at $226,000 after buying an additional 58 shares during the period. Bessemer Group Inc. increased its position in shares of Xilinx by 426.4% in the second quarter. Bessemer Group Inc. now owns 5,190 shares of the programmable devices maker’s stock valued at $240,000 after buying an additional 4,204 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in shares of Xilinx during the second quarter valued at about $315,000. 91.37% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on XLNX. Citigroup Inc. raised their price target on shares of Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Zacks Investment Research cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Robert W. Baird cut shares of Xilinx from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $50.99 to $52.00 in a research note on Wednesday, October 12th. Jefferies Group raised their price target on shares of Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Deutsche Bank AG raised their price target on shares of Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Thirteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.17.

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