Analog Devices, Inc. (NASDAQ:ADI) – Equities researchers at B. Riley issued their Q1 2018 EPS estimates for Analog Devices in a report released on Thursday, Zacks Investment Research reports. B. Riley analyst C. Ellis anticipates that the semiconductor company will post earnings of $1.25 per share for the quarter. B. Riley currently has a “Buy” rating and a $113.00 target price on the stock. B. Riley also issued estimates for Analog Devices’ Q2 2018 earnings at $1.22 EPS, Q3 2018 earnings at $1.33 EPS, Q4 2018 earnings at $1.44 EPS, Q1 2019 earnings at $1.28 EPS, Q3 2019 earnings at $1.54 EPS and Q4 2019 earnings at $1.72 EPS.
Other equities research analysts also recently issued research reports about the company. Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $106.00 target price on shares of Analog Devices in a research report on Thursday, October 12th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $96.04.
Shares of Analog Devices (NASDAQ ADI) opened at $86.11 on Monday. Analog Devices has a 12 month low of $71.00 and a 12 month high of $93.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The company has a market capitalization of $31,740.00, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio is currently 90.91%.
In other Analog Devices news, Director Ray Stata sold 25,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the transaction, the director now owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jean Philibert sold 5,098 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $90.24, for a total value of $460,043.52. Following the transaction, the senior vice president now directly owns 5,098 shares in the company, valued at approximately $460,043.52. The disclosure for this sale can be found here. Insiders sold 219,256 shares of company stock valued at $18,796,594 in the last three months. 1.10% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ADI. Boston Family Office LLC raised its position in shares of Analog Devices by 37.9% during the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 2,004 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,130,000. ZWJ Investment Counsel Inc. raised its position in shares of Analog Devices by 56.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after purchasing an additional 2,970 shares during the period. Renaissance Technologies LLC raised its position in shares of Analog Devices by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after purchasing an additional 94,804 shares during the period. Finally, Dupont Capital Management Corp raised its position in shares of Analog Devices by 34.2% during the 2nd quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock worth $1,127,000 after purchasing an additional 3,690 shares during the period. 87.08% of the stock is currently owned by institutional investors.
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About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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