Equities analysts expect that Analog Devices, Inc. (NASDAQ:ADI) will announce earnings per share of $1.46 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Analog Devices’ earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $1.44. Analog Devices posted earnings per share of $1.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 29th.
On average, analysts expect that Analog Devices will report full year earnings of $5.80 per share for the current year, with EPS estimates ranging from $5.41 to $5.94. For the next year, analysts anticipate that the business will post earnings of $5.94 per share, with EPS estimates ranging from $5.73 to $6.31. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Analog Devices.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 30th. The semiconductor company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.08. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Analog Devices had a return on equity of 20.34% and a net margin of 17.72%. The firm’s revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share.
A number of research analysts recently commented on the company. Raymond James 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 note on Monday, March 26th. UBS Group raised Analog Devices from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th. BMO Capital Markets increased their target price on Analog Devices from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, March 1st. Stifel Nicolaus increased their target price on Analog Devices from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, BidaskClub cut Analog Devices from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. Eight equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Analog Devices has an average rating of “Buy” and a consensus price target of $104.33.
In other news, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $91.87, for a total transaction of $643,090.00. Following the completion of the sale, the senior vice president now directly owns 24,517 shares in the company, valued at $2,252,376.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $90.47, for a total transaction of $904,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,187 shares of company stock valued at $7,395,657. Company insiders own 1.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Nvwm LLC boosted its holdings in shares of Analog Devices by 9.2% during the first quarter. Nvwm LLC now owns 6,362 shares of the semiconductor company’s stock worth $565,000 after purchasing an additional 537 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Analog Devices by 1.8% in the first quarter. Segall Bryant & Hamill LLC now owns 31,369 shares of the semiconductor company’s stock worth $2,859,000 after buying an additional 559 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Analog Devices by 19.9% in the first quarter. Checchi Capital Advisers LLC now owns 3,502 shares of the semiconductor company’s stock worth $319,000 after buying an additional 581 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Analog Devices by 2.1% in the first quarter. Cullen Frost Bankers Inc. now owns 30,712 shares of the semiconductor company’s stock worth $2,799,000 after buying an additional 624 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Analog Devices by 7.9% in the first quarter. D.A. Davidson & CO. now owns 9,530 shares of the semiconductor company’s stock worth $868,000 after buying an additional 696 shares during the period. Institutional investors own 87.38% of the company’s stock.
Analog Devices traded down $0.55, reaching $95.95, during trading on Friday, according to Marketbeat Ratings. The stock had a trading volume of 2,339,672 shares, compared to its average volume of 2,811,324. The stock has a market cap of $36.61 billion, a PE ratio of 20.33, a P/E/G ratio of 1.37 and a beta of 1.26. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.65. Analog Devices has a one year low of $76.07 and a one year high of $103.59.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 19th. Shareholders of record on Friday, June 8th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.92 annualized dividend and a yield of 2.00%. Analog Devices’s payout ratio is 40.68%.
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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