Brokerages Expect Xilinx, Inc. (NASDAQ:XLNX) to Post $0.82 Earnings Per Share

Equities research analysts forecast that Xilinx, Inc. (NASDAQ:XLNX) will report $0.82 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Xilinx’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.77. Xilinx posted earnings of $0.65 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 26.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, July 28th.

On average, analysts expect that Xilinx will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.31 to $3.69. For the next year, analysts forecast that the firm will report earnings of $4.03 per share, with EPS estimates ranging from $3.90 to $4.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Xilinx.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Tuesday, May 4th. The programmable devices maker reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.07. Xilinx had a net margin of 20.54% and a return on equity of 29.70%. The company had revenue of $851.00 million during the quarter, compared to analysts’ expectations of $813.90 million. During the same period last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year.

In other news, SVP Vamsi Boppana sold 3,000 shares of the stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $123.72, for a total value of $371,160.00. Following the sale, the senior vice president now directly owns 7,575 shares in the company, valued at $937,179. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its position in shares of Xilinx by 20.3% in the fourth quarter. Prestige Wealth Management Group LLC now owns 427 shares of the programmable devices maker’s stock valued at $60,000 after purchasing an additional 72 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Xilinx by 1.2% in the first quarter. AdvisorNet Financial Inc now owns 6,869 shares of the programmable devices maker’s stock valued at $851,000 after purchasing an additional 83 shares during the last quarter. Signaturefd LLC grew its position in shares of Xilinx by 8.1% in the first quarter. Signaturefd LLC now owns 1,271 shares of the programmable devices maker’s stock valued at $157,000 after purchasing an additional 95 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of Xilinx by 5.7% in the first quarter. Level Four Advisory Services LLC now owns 1,774 shares of the programmable devices maker’s stock valued at $220,000 after purchasing an additional 95 shares during the last quarter. Finally, CSat Investment Advisory L.P. grew its position in shares of Xilinx by 81.2% in the first quarter. CSat Investment Advisory L.P. now owns 212 shares of the programmable devices maker’s stock valued at $26,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

Xilinx stock traded down $0.15 during mid-day trading on Friday, reaching $135.18. The company had a trading volume of 5,797 shares, compared to its average volume of 1,840,712. Xilinx has a 1 year low of $96.71 and a 1 year high of $154.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.00 and a quick ratio of 5.50. The company has a market cap of $33.24 billion, a P/E ratio of 51.85 and a beta of 1.01. The business’s 50-day simple moving average is $129.84.

About Xilinx

Xilinx, Inc designs, develops, and markets programmable devices and associated technologies worldwide. The company offers 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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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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