Wall Street analysts expect Analog Devices (NASDAQ:ADI) to post earnings of $1.37 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Analog Devices’ earnings, with estimates ranging from $1.35 to $1.40. Analog Devices posted earnings per share of $1.03 during the same quarter last year, which indicates a positive year over year growth rate of 33%. The firm is scheduled to issue its next earnings results on Wednesday, May 30th.
On average, analysts expect that Analog Devices will report full-year earnings of $5.63 per share for the current year, with EPS estimates ranging from $5.41 to $5.84. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.80 per share, with EPS estimates ranging from $5.37 to $6.17. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Analog Devices.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. Analog Devices’s revenue was up 54.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS.
Several equities analysts have recently commented on the stock. UBS upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating in a report on Monday, March 26th. Raymond James upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Monday, March 26th. BMO Capital Markets upped their price objective on shares of Analog Devices from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, March 1st. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Finally, Stifel Nicolaus upped their price objective on shares of Analog Devices from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and a consensus target price of $101.21.
Shares of ADI stock traded down $0.52 during trading hours on Friday, hitting $89.33. The company had a trading volume of 2,302,913 shares, compared to its average volume of 2,980,336. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76. Analog Devices has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The firm has a market cap of $34,972.32, a P/E ratio of 18.86, a P/E/G ratio of 1.40 and a beta of 1.22.
In other Analog Devices news, SVP Martin Cotter sold 3,847 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $93.41, for a total value of $359,348.27. Following the sale, the senior vice president now directly owns 4,020 shares of the company’s stock, valued at approximately $375,508.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Champy sold 2,455 shares of the stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $92.18, for a total transaction of $226,301.90. Following the completion of the sale, the director now directly owns 13,220 shares in the company, valued at $1,218,619.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,511 shares of company stock worth $5,680,276. Insiders own 1.10% of the company’s stock.
Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Analog Devices by 1.0% in the 4th quarter. BlackRock Inc. now owns 23,933,612 shares of the semiconductor company’s stock valued at $2,130,809,000 after purchasing an additional 244,533 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Analog Devices by 2.9% in the 4th 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 grew its position in shares of Analog Devices by 3.1% in the 4th 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 grew its position in shares of Analog Devices by 5.0% in the 4th 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. grew its position in shares of Analog Devices by 12.5% in the 4th 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. 88.43% of the stock is currently owned by institutional investors.
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Analog Devices Company Profile
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.
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