Analog Devices, Inc. (NASDAQ:ADI) – Jefferies Group upped their Q4 2018 EPS estimates for shares of Analog Devices in a research note issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst M. Lipacis now expects that the semiconductor company will earn $1.47 per share for the quarter, up from their prior estimate of $1.36. Jefferies Group has a “Buy” rating and a $110.00 price objective on the stock. Jefferies Group also issued estimates for Analog Devices’ Q1 2019 earnings at $1.48 EPS and Q2 2019 earnings at $1.51 EPS.
Other analysts have also recently issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 price objective (up previously from $98.00) on shares of Analog Devices in a research note on Wednesday, November 22nd. Stifel Nicolaus reduced their price objective on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, November 22nd. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research note on Tuesday, November 21st. B. Riley reiterated a “buy” rating and issued a $122.00 price objective (up previously from $113.00) on shares of Analog Devices in a research note on Wednesday, February 28th. Finally, Piper Jaffray Companies began coverage on shares of Analog Devices in a research note on Monday, December 18th. They issued a “neutral” rating and a $92.00 price objective for the company. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $100.57.
Shares of Analog Devices (NASDAQ ADI) traded down $0.57 during midday trading on Monday, hitting $94.09. 1,533,507 shares of the company traded hands, compared to its average volume of 3,209,090. 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 12-month low of $74.65 and a 12-month high of $98.38. The firm has a market capitalization of $35,010.00, a PE ratio of 276.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business earned $0.94 EPS. The business’s revenue was up 54.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.48 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. Analog Devices’s dividend payout ratio (DPR) is 564.71%.
In other news, Director Kenton J. Sicchitano sold 7,500 shares of Analog Devices stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $91.45, for a total transaction of $685,875.00. Following the completion of the sale, the director now directly owns 25,285 shares in the company, valued at $2,312,313.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.70, for a total transaction of $917,000.00. Following the sale, the director now owns 179,481 shares of the company’s stock, valued at $16,458,407.70. The disclosure for this sale can be found here. Insiders have sold a total of 84,618 shares of company stock valued at $7,554,228 over the last 90 days. 0.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its holdings in Analog Devices by 6.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 83,469 shares of the semiconductor company’s stock valued at $7,431,000 after purchasing an additional 4,709 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Analog Devices by 12.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 211,455 shares of the semiconductor company’s stock valued at $18,826,000 after purchasing an additional 23,819 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in Analog Devices in the fourth quarter valued at approximately $139,000. Sawtooth Solutions LLC purchased a new stake in Analog Devices in the fourth quarter valued at approximately $237,000. Finally, William Blair Investment Management LLC purchased a new stake in Analog Devices in the fourth quarter valued at approximately $44,803,000. Institutional investors and hedge funds own 88.54% of the company’s stock.
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Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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