Xilinx, Inc. (NASDAQ:XLNX) – Research analysts at SunTrust Banks increased their Q3 2020 earnings estimates for Xilinx in a research note issued on Wednesday, May 15th. SunTrust Banks analyst W. Stein now forecasts that the programmable devices maker will earn $1.03 per share for the quarter, up from their previous forecast of $0.94. SunTrust Banks currently has a “Hold” rating and a $126.00 target price on the stock.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.02). The company had revenue of $828.36 million for the quarter, compared to analyst estimates of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. Xilinx’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share.
NASDAQ:XLNX opened at $104.76 on Friday. The firm has a market cap of $26.95 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.25 and a beta of 1.12. Xilinx has a one year low of $64.15 and a one year high of $141.60. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be issued a $0.37 dividend. This is a positive change from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. Xilinx’s dividend payout ratio is presently 42.53%.
In other news, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.10, for a total value of $298,277.10. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, EVP William Christopher Madden sold 435 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $105.69, for a total transaction of $45,975.15. Following the completion of the sale, the executive vice president now directly owns 4,809 shares in the company, valued at approximately $508,263.21. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of XLNX. Oregon Public Employees Retirement Fund grew its holdings in shares of Xilinx by 12,987.1% in 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 grew its holdings in shares of Xilinx by 629.8% in 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 bought a new stake in shares of Xilinx in the 4th quarter worth about $210,563,000. BlackRock Inc. grew its holdings in shares of Xilinx by 12.2% in the 1st quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock worth $2,680,020,000 after purchasing an additional 2,294,950 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in shares of Xilinx in the 1st quarter worth about $161,681,000. 88.27% of the stock is currently owned by institutional investors and hedge funds.
Xilinx Company Profile
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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