Equities research analysts forecast that Analog Devices, Inc. (NASDAQ:ADI) will announce earnings of $1.22 per share for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Analog Devices’ earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.22. Analog Devices posted earnings per share of $1.53 during the same quarter last year, which would indicate a negative year-over-year growth rate of 20.3%. The company is scheduled to issue its next earnings report on Wednesday, August 28th.
On average, analysts expect that Analog Devices will report full-year earnings of $5.24 per share for the current financial year, with EPS estimates ranging from $5.16 to $5.54. For the next financial year, analysts forecast that the company will post earnings of $5.51 per share, with EPS estimates ranging from $5.30 to $6.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Analog Devices.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. Analog Devices’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share.
Several research analysts recently commented on ADI shares. Zacks Investment Research raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. SunTrust Banks upped their price objective on Analog Devices to $126.00 and gave the company an “average” rating in a research note on Thursday, February 21st. Robert W. Baird restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Wednesday, February 20th. BMO Capital Markets upped their price objective on Analog Devices to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. Finally, Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 target price on the stock. in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $109.00.
In other Analog Devices news, Director James Champy sold 4,250 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $115.04, for a total value of $488,920.00. Following the sale, the director now owns 17,510 shares of the company’s stock, valued at approximately $2,014,350.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $98.23, for a total value of $982,300.00. Following the completion of the sale, the chief executive officer now directly owns 31,206 shares in the company, valued at approximately $3,065,365.38. The disclosure for this sale can be found here. Insiders have sold 74,311 shares of company stock worth $7,702,842 in the last three months. 0.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PRW Wealth Management LLC bought a new position in Analog Devices during the 4th quarter worth $27,000. Bruderman Asset Management LLC bought a new position in shares of Analog Devices in the 4th quarter worth about $31,000. Berman Capital Advisors LLC raised its position in shares of Analog Devices by 43.8% in the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 91 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Analog Devices in the 4th quarter worth about $33,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of Analog Devices in the 4th quarter worth about $34,000. 89.64% of the stock is currently owned by institutional investors.
ADI stock opened at $104.37 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The stock has a market cap of $38.89 billion, a PE ratio of 17.57, a PEG ratio of 1.62 and a beta of 1.37. Analog Devices has a fifty-two week low of $76.62 and a fifty-two week high of $118.54.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, May 30th. Analog Devices’s dividend payout ratio is currently 36.36%.
About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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