Xilinx, Inc. (XLNX) to Post Q1 2020 Earnings of $0.96 Per Share, William Blair Forecasts

Xilinx, Inc. (NASDAQ:XLNX) – Stock analysts at William Blair boosted their Q1 2020 earnings per share estimates for shares of Xilinx in a research note issued to investors on Wednesday, May 15th. William Blair analyst now expects that the programmable devices maker will post earnings per share of $0.96 for the quarter, up from their prior forecast of $0.93. William Blair also issued estimates for Xilinx’s Q1 2021 earnings at $0.98 EPS, Q2 2021 earnings at $1.05 EPS, Q3 2021 earnings at $1.12 EPS, Q4 2021 earnings at $1.15 EPS and FY2021 earnings at $4.30 EPS.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The firm had revenue of $828.36 million during the quarter, compared to analysts’ expectations of $826.51 million. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year.

A number of other brokerages also recently commented on XLNX. Needham & Company LLC downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Cowen restated a “market perform” rating and issued a $120.00 target price (down previously from $130.00) on shares of Xilinx in a research note on Thursday, April 25th. Goldman Sachs Group downgraded Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a research note on Thursday, April 25th. Deutsche Bank boosted their target price on Xilinx from $90.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, Morgan Stanley boosted their target price on Xilinx from $101.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $115.52.

Shares of NASDAQ XLNX opened at $104.76 on Friday. The company has a current ratio of 8.19, a quick ratio of 7.53 and a debt-to-equity ratio of 0.43. Xilinx has a one year low of $64.15 and a one year high of $141.60. The stock has a market capitalization of $26.60 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.43 and a beta of 1.12.

Several hedge funds and other institutional investors have recently bought and sold shares of XLNX. Oregon Public Employees Retirement Fund lifted its position in shares of Xilinx by 12,987.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,595,886 shares of the programmable devices maker’s stock worth $89,000 after purchasing an additional 7,537,845 shares during the last quarter. FMR LLC lifted its position in shares of Xilinx by 629.8% during the 4th quarter. FMR LLC now owns 4,579,088 shares of the programmable devices maker’s stock worth $390,001,000 after purchasing an additional 3,951,683 shares during the last quarter. Norges Bank acquired a new position in shares of Xilinx during the 4th quarter worth about $210,563,000. BlackRock Inc. raised its holdings in Xilinx by 12.2% in the 1st quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock valued at $2,680,020,000 after acquiring an additional 2,294,950 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Xilinx in the 1st quarter valued at approximately $161,681,000. 88.27% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Mark Wadlington sold 2,241 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the transaction, the senior vice president now owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William Christopher Madden sold 435 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $105.69, for a total value of $45,975.15. Following the transaction, the executive vice president now directly owns 4,809 shares of the company’s stock, valued at approximately $508,263.21. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from Xilinx’s previous quarterly dividend of $0.36. Xilinx’s dividend payout ratio is 42.53%.

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.

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Earnings History and Estimates for Xilinx (NASDAQ:XLNX)

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