FY2018 EPS Estimates for Analog Devices, Inc. Increased by Analyst (ADI)

Analog Devices, Inc. (NASDAQ:ADI) – SunTrust Banks boosted their FY2018 earnings per share (EPS) estimates for Analog Devices in a report issued on Thursday, April 12th. SunTrust Banks analyst W. Stein now expects that the semiconductor company will post earnings per share of $5.62 for the year, up from their prior estimate of $5.61. SunTrust Banks has a “Positive” rating and a $116.00 price target on the stock. SunTrust Banks also issued estimates for Analog Devices’ Q4 2018 earnings at $1.46 EPS, Q1 2019 earnings at $1.29 EPS, Q2 2019 earnings at $1.41 EPS, Q3 2019 earnings at $1.42 EPS, Q4 2019 earnings at $1.53 EPS, FY2019 earnings at $5.65 EPS and Q1 2020 earnings at $1.43 EPS.

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Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Tuesday, February 20th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Piper Jaffray upgraded Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price target for the company in a research note on Tuesday, February 13th. Raymond James Financial upgraded Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Monday, March 26th. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Monday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $101.21.

Shares of NASDAQ ADI opened at $92.78 on Friday. Analog Devices has a 1 year low of $74.65 and a 1 year high of $98.38. The stock has a market cap of $34,399.13, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were paid a $0.48 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, March 8th. Analog Devices’s payout ratio is presently 40.68%.

In other Analog Devices news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,805,754. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Eileen Wynne sold 5,209 shares of Analog Devices stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $94.86, for a total value of $494,125.74. Following the completion of the transaction, the chief accounting officer now owns 3,895 shares of the company’s stock, valued at $369,479.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,664 shares of company stock valued at $5,320,928. 1.10% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Analog Devices by 1.0% during the fourth quarter. BlackRock Inc. now owns 23,933,612 shares of the semiconductor company’s stock valued at $2,130,809,000 after buying an additional 244,533 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Analog Devices by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,988,453 shares of the semiconductor company’s stock valued at $354,369,000 after buying an additional 111,215 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Analog Devices by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,178,510 shares of the semiconductor company’s stock valued at $282,983,000 after buying an additional 94,402 shares during the last quarter. Alkeon Capital Management LLC raised its holdings in shares of Analog Devices by 5.0% during the fourth quarter. Alkeon Capital Management LLC now owns 2,654,022 shares of the semiconductor company’s stock valued at $236,288,000 after buying an additional 127,485 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Analog Devices by 12.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,285,214 shares of the semiconductor company’s stock valued at $203,451,000 after buying an additional 254,789 shares during the last quarter. Institutional investors own 88.56% of the company’s stock.

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About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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