$615.57 Million in Sales Expected for Xilinx, Inc. (XLNX) This Quarter

Paterniano Del Favero
Luglio 27, 2017

(NASDAQ:XLNX). Northwestern Mutual Wealth Mngmt holds 0% or 2,754 shares. Nine analysts surveyed by Zacks expected $615.6 million. Ladenburg Thalmann Financial Services Inc. now owns 7,980 shares of the programmable devices maker's stock valued at $481,000 after buying an additional 3,423 shares in the last quarter. The business's revenue for the quarter was up 6.7% compared to the same quarter previous year. On average, analysts expect that Xilinx will post $2.49 EPS for the current fiscal year.

Xilinx Inc (NASDAQ:XLNX) is expected to deliver a solid 25.56% in earnings growth per share over the next three years. The programmable devices maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.54 by $0.03. The company issued revenue guidance of $605-635 million, compared to the consensus revenue estimate of $617.05 million. Xilinx Inc. had 40 analyst reports since July 24, 2015 according to SRatingsIntel. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter past year, the company earned $0.61 EPS. Goldman Sachs upgraded the shares of XLNX in report on Monday, September 14 to "Buy" rating. (XLNX) traded up 1.33% during trading on Wednesday, reaching $65.32. Instinet raised their price objective on shares of Xilinx from $45.00 to $50.00 and gave the stock a "reduce" rating in a research note on Wednesday, May 24th. Vetr reaffirmed a "hold" rating on shares of Xilinx in a report on Thursday, July 20th. On July 10 the stock rating was upgraded from "Hold" to "Buy" in a statement from Jefferies. They now have a United States dollars 63 price target on the stock. Also, insider Krishna Rangasayee sold 15,000 shares of the firm's stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $64.89, for a total transaction of $973,350.00. Flores now owns $1,270,978 of stock per an SEC filing yesterday. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The shares were sold at an average price of $64.08, for a total value of $1,627,632.00. Following the transaction, the chief executive officer now owns 235,366 shares of the company's stock, valued at approximately $15,941,339.18. The disclosure for this sale can be found here.

Other institutional investors have also modified their holdings of the company. TrimTabs Asset Management LLC boosted its position in Xilinx by 88.9% in the first quarter. Gulf International Bank UK Ltd now owns 78,020 shares of the programmable devices maker's stock valued at $4,516,000 after buying an additional 1,000 shares during the last quarter. Whittier Trust Co.'s holdings in Xilinx were worth $163,000 as of its most recent SEC filing. Nationwide Fund Advisors now owns 222,164 shares of the programmable devices maker's stock worth $12,861,000 after buying an additional 102,779 shares during the period. Employees Retirement System of Texas raised its position in shares of Xilinx by 9.5% in the fourth quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker's stock valued at $384,000 after buying an additional 75 shares during the period. Finally, Trust Co. of Oklahoma raised its stake in Xilinx by 2.5% in the first quarter.

As of the end of the quarter Parkwood LLC had disposed of 1,300 shares trimming its stake by 15.8%. Institutional investors and hedge funds own 94.20% of the company's stock.

Shares of Xilinx (NASDAQ:XLNX) traded up 1.33% during trading on Friday, hitting $65.32. The stock's quarterly performance indicates a Positive momentum of 8.88 percent, whereas its last one month trend is Pessimistic with -3.03 percent. The stock has a market capitalization of $16.14 billion, a P/E ratio of 28.04 and a beta of 1.10. Xilinx, Inc. has a 1-year low of $48.53 and a 1-year high of $68.68. The stock has a 50 day moving average price of $65.85 and a 200-day moving average price of $61.54.

Among 20 analysts covering Xilinx Inc. "(XLNX) This Quarter" was originally published by Sports Perspectives and is owned by of Sports Perspectives. In addition to its programmable platforms, Xilinx provides design services, customer training, field engineering and technical support. The Company's programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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