Conning Inc. Trims Holdings in Xilinx (XLNX)

Galtero Lara
May 11, 2018

Zacks' EPS calculations are a mean average based on a survey of sell-side research firms that cover Xilinx. Royal National Bank Of Canada has invested 0.01% in Xilinx, Inc. Eight analysts have provided estimates for Xilinx's earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.64.

Analysts expect Xilinx (NASDAQ:XLNX) to post earnings per share (EPS) of $0.74 for the current quarter, according to Zacks Investment Research.

The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. Xilinx had a return on equity of 29.98% and a net margin of 20.18%. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $630.00 million. During the same quarter a year ago, the company earned $0.57 EPS. The business's revenue was up 7.7% compared to the same quarter a year ago. (NASDAQ:XLNX) were recently published by: Seekingalpha.com, which released: "Monster Beverage Is Running Out Of Steam - Cramer's Lightning Round (5/3/18)" on May 04, 2018. JPMorgan Chase downgraded Xilinx from a "neutral" rating to an "underweight" rating and set a $73.00 price target for the company.in a report on Friday, April 6th. Finally, KeyCorp reissued an "overweight" rating and set a $87.00 price objective (up from $78.00) on shares of Xilinx in a research note on Tuesday, January 23rd. Zacks Investment Research raised Xilinx from a "hold" rating to a "buy" rating and set a $79.00 price objective for the company in a report on Saturday. On Thursday, April 26 the firm has "Neutral" rating given by Macquarie Research. Argus lifted their target price on Xilinx to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Xilinx presently has an average rating of "Hold" and a consensus target price of $73.20. (NASDAQ:XLNX). Fort Washington Investment Advisors Incorporated Oh holds 47,566 shares or 0.03% of its portfolio. The stock was sold at an average price of $71.72, for a total value of $308,396.00. The disclosure for this sale can be found here.

In related news, insider Vincent Tong sold 19,687 shares of the stock in a transaction on Thursday, February 1st.

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Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its holdings in shares of Xilinx by 44.9% in the 3rd quarter. Marathon Asset Management LLP now owns 983,464 shares of the programmable devices maker's stock worth $66,305,000 after acquiring an additional 25,726 shares during the last quarter. The Tahithromos Llc holds 64,195 shares with $4.33M value, down from 91,797 last quarter. New England Research & Management Inc. purchased a new position in shares of Xilinx in the 4th quarter worth approximately $276,000. Alkeon Capital Management LLC grew its holdings in shares of Xilinx by 0.4% in the third quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Xilinx in the 4th quarter worth approximately $137,000. Bank of New York Mellon Corp now owns 2,048,881 shares of the programmable devices maker's stock worth $138,136,000 after acquiring an additional 24,623 shares in the last quarter. Eaton Vance Management now owns 143,767 shares of the programmable devices maker's stock valued at $9,693,000 after buying an additional 15,687 shares in the last quarter. Benjamin F. Edwards & Company Inc. now owns 11,913 shares of the programmable devices maker's stock worth $803,000 after purchasing an additional 947 shares during the period. (NASDAQ:XLNX). Federated Pa reported 4,618 shares or 0% of all its holdings. 3,229,575 shares of the stock were exchanged, compared to its average volume of 2,387,596. Xilinx has a one year low of $59.84 and a one year high of $78.02.

While looking at the Stock's Performance, Xilinx Inc. now shows a Weekly Performance of 4.65%, where Monthly Performance is 1.4%, Quarterly performance is 0.39%, 6 Months performance is -7.24% and yearly performance percentage is 6.06%. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11.

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide.

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