Xilinx, Inc. (NASDAQ:XLNX) – Equities research analysts at Credit Agricole issued their FY2016 earnings per share (EPS) estimates for Xilinx in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Credit Agricole analyst S. Pajjuri forecasts that the brokerage will post earnings per share of $2.03 for the year. The consensus estimate for Xilinx’s FY2016 earnings is $2.03 per share. Credit Agricole also issued estimates for Xilinx’s Q1 2016 earnings at $0.52 EPS, Q2 2016 earnings at $0.56 EPS, Q3 2016 earnings at $0.58 EPS, Q4 2016 earnings at $0.61 EPS, Q1 2017 earnings at $0.61 EPS, FY2017 earnings at $2.36 EPS and FY2018 earnings at $2.47 EPS.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, January 20th. The programmable devices maker reported $0.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.49. During the same period last year, the company posted $0.62 EPS. The firm had revenue of $566 million for the quarter, compared to the consensus estimate of $554.50 million. The business’s revenue was down 4.6% on a year-over-year basis.

Other research analysts have also issued reports about the stock. Barclays raised their price target on shares of Xilinx from $41.00 to $43.00 in a research report on Thursday, January 14th. Goldman Sachs lowered shares of Xilinx from a “conviction-buy” rating to a “buy” rating and raised their price target for the company from $48.50 to $54.00 in a research report on Tuesday, February 2nd. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, February 23rd. Morgan Stanley decreased their price objective on shares of Xilinx from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, January 21st. Finally, Deutsche Bank raised their price objective on shares of Xilinx from $41.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, January 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.12.

Shares of Xilinx (NASDAQ:XLNX) opened at 48.39 on Monday. Xilinx has a one year low of $38.73 and a one year high of $50.72. The stock’s 50 day moving average is $46.90 and its 200-day moving average is $45.73. The company has a market cap of $12.37 billion and a P/E ratio of 24.10.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, February 29th.

In other Xilinx news, VP Victor Peng sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the vice president now directly owns 40,225 shares of the company’s stock, valued at approximately $2,011,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Krishna Rangasayee sold 16,250 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $48.02, for a total transaction of $780,325.00. Following the transaction, the vice president now directly owns 31,837 shares in the company, valued at $1,528,812.74. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of XLNX. Filament bought a new position in shares of Xilinx during the fourth quarter worth about $363,000. Jay D. Rosenbaum increased its position in shares of Xilinx by 1.2% in the fourth quarter. Jay D. Rosenbaum now owns 21,275 shares of the programmable devices maker’s stock worth $999,000 after buying an additional 250 shares during the last quarter. Capstone Asset Management Company increased its position in shares of Xilinx by 3.3% in the fourth quarter. Capstone Asset Management Company now owns 22,051 shares of the programmable devices maker’s stock worth $1,036,000 after buying an additional 705 shares during the last quarter. First American Bank increased its position in shares of Xilinx by 0.6% in the fourth quarter. First American Bank now owns 22,802 shares of the programmable devices maker’s stock worth $1,071,000 after buying an additional 130 shares during the last quarter. Finally, Oakbrook Investments LLC increased its position in shares of Xilinx by 56.2% in the fourth quarter. Oakbrook Investments LLC now owns 26,675 shares of the programmable devices maker’s stock worth $1,253,000 after buying an additional 9,600 shares during the last quarter.

Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores.

 

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