Analog Devices (ADI) to Post Q1 2020 Earnings of $1.52 Per Share, B. Riley Forecasts

Analog Devices (NASDAQ:ADI) – Equities researchers at B. Riley issued their Q1 2020 EPS estimates for shares of Analog Devices in a note issued to investors on Monday, May 21st. B. Riley analyst C. Ellis forecasts that the semiconductor company will earn $1.52 per share for the quarter. B. Riley currently has a “Buy” rating and a $122.00 target price on the stock.

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

Several other equities analysts have also recently commented on ADI. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank boosted their price objective on shares of Analog Devices from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Thursday, March 1st. Nomura boosted their price objective on shares of Analog Devices from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Analog Devices from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $101.21.

Analog Devices opened at $95.30 on Tuesday, according to Marketbeat Ratings. The stock has a market capitalization of $35.09 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31. Analog Devices has a twelve month low of $76.07 and a twelve month high of $98.38.

In related news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction on Monday, March 5th. The shares were sold at an average price of $88.83, for a total value of $621,810.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $86.95, for a total transaction of $869,500.00. Following the completion of the transaction, the chief executive officer now directly owns 17,376 shares in the company, valued at $1,510,843.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,106 shares of company stock worth $6,060,346. 0.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Analog Devices by 2.0% in the 1st quarter. BlackRock Inc. now owns 24,409,546 shares of the semiconductor company’s stock worth $2,224,443,000 after buying an additional 475,934 shares during the period. JPMorgan Chase & Co. grew its position in shares of Analog Devices by 17.7% in the 1st quarter. JPMorgan Chase & Co. now owns 22,229,063 shares of the semiconductor company’s stock worth $2,025,734,000 after buying an additional 3,344,969 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Analog Devices by 30.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,729,787 shares of the semiconductor company’s stock worth $1,251,195,000 after buying an additional 3,184,232 shares during the period. Franklin Resources Inc. grew its position in shares of Analog Devices by 7.0% in the 1st quarter. Franklin Resources Inc. now owns 11,238,318 shares of the semiconductor company’s stock worth $1,024,150,000 after buying an additional 739,365 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Analog Devices by 6.6% in the 1st quarter. Wells Fargo & Company MN now owns 8,608,728 shares of the semiconductor company’s stock worth $784,513,000 after buying an additional 532,620 shares during the period. 87.93% of the stock is currently owned by institutional investors.

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.

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

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