Wall Street brokerages predict that Analog Devices, Inc. (NASDAQ:ADI) will post $1.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Analog Devices’ earnings, with the lowest EPS estimate coming in at $1.35 and the highest estimate coming in at $1.40. Analog Devices reported earnings of $1.03 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33%. The company is expected to announce its next earnings results on Wednesday, May 30th.
According to Zacks, analysts expect that Analog Devices will report full year earnings of $5.57 per share for the current financial year, with EPS estimates ranging from $4.72 to $5.84. For the next year, analysts expect that the company will report earnings of $5.79 per share, with EPS estimates ranging from $5.37 to $6.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Analog Devices.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. Analog Devices’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.
Several analysts recently issued reports on ADI shares. Zacks Investment Research downgraded Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, January 4th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Tuesday, February 20th. Finally, B. Riley raised their price target on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Analog Devices presently has a consensus rating of “Buy” and an average price target of $100.57.
In other news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction on Monday, February 5th. The stock was sold at an average price of $88.50, for a total transaction of $619,500.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,805,754. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Eileen Wynne sold 5,209 shares of Analog Devices stock in a transaction on Friday, March 16th. The shares were sold at an average price of $94.86, for a total value of $494,125.74. Following the transaction, the chief accounting officer now owns 3,895 shares in the company, valued at $369,479.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,427 shares of company stock worth $6,483,250. 0.70% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of ADI. Sit Investment Associates Inc. increased its position in shares of Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares during the period. Icon Wealth Partners LLC acquired a new position in shares of Analog Devices during the 4th quarter valued at $121,000. Fieldpoint Private Securities LLC increased its position in shares of Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC increased its position in shares of Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the period. Finally, Cerebellum GP LLC acquired a new position in shares of Analog Devices during the 4th quarter valued at $130,000. Institutional investors own 88.52% of the company’s stock.
Shares of ADI stock traded down $0.65 during midday trading on Monday, hitting $93.50. The company had a trading volume of 2,799,966 shares, compared to its average volume of 3,181,445. The company has a market cap of $34,817.01, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. Analog Devices has a 1-year low of $74.65 and a 1-year high of $98.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be given a $0.48 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, March 8th. Analog Devices’s dividend payout ratio (DPR) is currently 91.87%.
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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