Xilinx, Inc. (NASDAQ:XLNX) – Equities researchers at Jefferies Financial Group upped their Q1 2020 earnings estimates for Xilinx in a report released on Thursday, April 25th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Lipacis now expects that the programmable devices maker will earn $0.96 per share for the quarter, up from their previous forecast of $0.95. Jefferies Financial Group has a “Buy” rating and a $105.00 price objective on the stock. Jefferies Financial Group also issued estimates for Xilinx’s Q3 2020 earnings at $1.02 EPS, Q4 2020 earnings at $1.07 EPS, FY2020 earnings at $4.00 EPS and FY2021 earnings at $4.86 EPS.
XLNX has been the topic of a number of other reports. Argus upped their target price on shares of Xilinx to $130.00 and gave the stock a “buy” rating in a research note on Friday, January 25th. Needham & Company LLC downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a research note on Saturday, January 26th. Mizuho upped their target price on shares of Xilinx from $107.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, March 29th. Finally, Deutsche Bank dropped their target price on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $115.96.
Shares of XLNX stock opened at $116.92 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.53 and a current ratio of 8.19. The stock has a market capitalization of $29.54 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.51 and a beta of 1.12. Xilinx has a one year low of $64.15 and a one year high of $141.60.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). The firm had revenue of $828.36 million for the quarter, compared to the consensus estimate of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC purchased a new stake in Xilinx during the fourth quarter valued at approximately $25,000. Shamrock Asset Management LLC purchased a new stake in Xilinx during the first quarter valued at approximately $25,000. Jackson Grant Investment Advisers Inc. purchased a new stake in Xilinx during the first quarter valued at approximately $25,000. CWM LLC lifted its position in Xilinx by 225.0% during the first quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after acquiring an additional 153 shares during the last quarter. Finally, Ropes Wealth Advisors LLC lifted its position in Xilinx by 42.8% during the fourth quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after acquiring an additional 107 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $133.10, for a total value of $298,277.10. Following the completion of the sale, the senior vice president now owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Xilinx’s previous quarterly dividend of $0.36. Xilinx’s dividend payout ratio is presently 41.38%.
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.