Piper Jaffray Raises Price Target on Xilinx Inc (XLNX) Following 2Q Results

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Xilinx Announces Q2 Fiscal 2016 Results; Strong Profitability And New Product Growth

October 14, 2015 4:20 PM EDT

SAN JOSE, Calif., Oct. 14, 2015 /PRNewswire/ -- Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2016 sales of $528 million, down 4% from the prior quarter and down 13% from the same quarter of the prior fiscal year. Second quarter fiscal 2016 gross margin was 70% and net income was $127 million, or $0.48 per diluted share.

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The Xilinx Board of Directors announced a quarterly cash dividend of $0.31 per outstanding share of common stock,... More