Xilinx (XLNX) Releases Earnings Results, Beats Expectations By $0.07 EPS

Xilinx (XLNX) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. XLNX said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.54. The company posted revenue of $579.00 million in the period, compared to analysts expectations of $574.95 million. XLNX’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Xilinx. Robert W. Baird Downgraded Xilinx on Oct 12, 2016 to ” Neutral”, Price Target of the shares are set at $52.Company shares were Reiterated by MKM Partners on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .

Xilinx opened for trading at $50.23 and hit $50.38 on the upside on Friday, eventually ending the session at $49.99, with a gain of 0.18% or 0.09 points. The heightened volatility saw the trading volume jump to 18,74,595 shares. Company has a market cap of $12,672 M.

In a different news, on Oct 11, 2016, Victor Peng (Sr. Vice President) sold 15,284 shares at $53.06 per share price. According to the SEC, on Oct 3, 2016, Moshe Gavrielov (CEO) sold 11,500 shares at $54.75 per share price. On Aug 11, 2016, Krishna Rangasayee (Sr. Vice President) sold 14,821 shares at $51.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Xilinx Inc. (Xilinx) 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. The Company provides design services customer training field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs) complex programmable logic devices (CPLDs) programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets such as wired and wireless communications industrial scientific and medical aerospace and defense audio video and broadcast consumer automotive and test and measurement.


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