Equities Analysts Offer Predictions for Xilinx, Inc.’s Q3 2019 Earnings (XLNX)

Xilinx, Inc. (NASDAQ:XLNX) – Stock analysts at Jefferies Financial Group increased their Q3 2019 earnings per share estimates for shares of Xilinx in a research report issued to clients and investors on Thursday, October 25th. Jefferies Financial Group analyst M. Lipacis now forecasts that the programmable devices maker will post earnings of $0.84 per share for the quarter, up from their prior estimate of $0.77. Jefferies Financial Group also issued estimates for Xilinx’s FY2019 earnings at $3.20 EPS, Q2 2020 earnings at $0.87 EPS, Q3 2020 earnings at $0.92 EPS, Q4 2020 earnings at $0.92 EPS and FY2020 earnings at $3.50 EPS.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a net margin of 21.33% and a return on equity of 34.05%.



Several other brokerages have also recently weighed in on XLNX. Credit Suisse Group boosted their price target on shares of Xilinx from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. BMO Capital Markets boosted their price target on shares of Xilinx from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. Bank of America boosted their price target on shares of Xilinx from $85.00 to $95.00 and gave the company a “positive” rating in a research report on Monday, October 1st. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Friday. Finally, Citigroup boosted their price target on shares of Xilinx from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. Xilinx currently has an average rating of “Buy” and a consensus target price of $81.67.

Shares of XLNX stock opened at $78.78 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.11 and a current ratio of 4.26. The stock has a market cap of $20.08 billion, a PE ratio of 27.84, a PEG ratio of 2.64 and a beta of 1.01. Xilinx has a twelve month low of $62.27 and a twelve month high of $83.99.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be given a $0.36 dividend. The ex-dividend date is Friday, November 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Xilinx’s payout ratio is currently 50.88%.

In other Xilinx news, VP Catia Hagopian sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $78.01, for a total value of $78,010.00. Following the transaction, the vice president now owns 9,271 shares of the company’s stock, valued at $723,230.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Emre Onder sold 1,734 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $77.15, for a total transaction of $133,778.10. Following the completion of the transaction, the senior vice president now directly owns 1,419 shares in the company, valued at approximately $109,475.85. The disclosure for this sale can be found here. Insiders sold 14,572 shares of company stock worth $1,064,763 in the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in shares of Xilinx by 352.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 63,183 shares of the programmable devices maker’s stock worth $5,066,000 after purchasing an additional 49,230 shares in the last quarter. K.J. Harrison & Partners Inc lifted its position in shares of Xilinx by 42.1% during the third quarter. K.J. Harrison & Partners Inc now owns 13,500 shares of the programmable devices maker’s stock worth $1,082,000 after purchasing an additional 4,000 shares in the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of Xilinx during the third quarter worth about $60,698,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Xilinx by 3.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,698 shares of the programmable devices maker’s stock worth $5,349,000 after purchasing an additional 2,471 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Xilinx by 58.9% during the third quarter. IFP Advisors Inc now owns 2,753 shares of the programmable devices maker’s stock worth $221,000 after purchasing an additional 1,020 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors and hedge funds.

About Xilinx

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise 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.

Further Reading: Why is the ex-dividend date different from the record date?

Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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