Equities analysts predict that Analog Devices, Inc. (NASDAQ:ADI) will post $1.45 earnings per share for the current quarter, Zacks reports. Ten analysts have made estimates for Analog Devices’ earnings. The highest EPS estimate is $1.46 and the lowest is $1.44. Analog Devices posted earnings of $1.08 per share in the same quarter last year, which indicates a positive year over year growth rate of 34.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 19th.
According to Zacks, analysts expect that Analog Devices will report full-year earnings of $6.00 per share for the current fiscal year, with EPS estimates ranging from $5.84 to $6.20. For the next year, analysts forecast that the firm will report earnings of $6.55 per share, with EPS estimates ranging from $6.24 to $6.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Analog Devices.
Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.12. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. During the same period in the previous year, the firm earned $1.03 earnings per share.
Several research analysts recently issued reports on the stock. Credit Suisse Group increased their price target on shares of Analog Devices from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 18th. Smith Barney Citigroup increased their price target on shares of Analog Devices from $134.00 to $155.00 in a research report on Wednesday, November 25th. Loop Capital increased their price target on shares of Analog Devices from $136.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, November 30th. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research report on Monday, February 22nd. Finally, Raymond James increased their price target on shares of Analog Devices from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $155.20.
Top plant-based stock focuses on brands with established products & proven sales!
In other Analog Devices news, CFO Prashanth Mahendra-Rajah sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $146.75, for a total value of $249,475.00. Following the transaction, the chief financial officer now directly owns 11,694 shares of the company’s stock, valued at $1,716,094.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $148.34, for a total transaction of $1,483,400.00. Following the completion of the transaction, the chief executive officer now directly owns 16,957 shares in the company, valued at $2,515,401.38. The disclosure for this sale can be found here. Insiders have sold 17,222 shares of company stock worth $2,608,758 over the last three months. 0.42% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in ADI. Private Advisor Group LLC boosted its stake in Analog Devices by 8.7% in the third quarter. Private Advisor Group LLC now owns 17,587 shares of the semiconductor company’s stock valued at $2,081,000 after acquiring an additional 1,410 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Analog Devices by 376.1% in the third quarter. Teacher Retirement System of Texas now owns 57,411 shares of the semiconductor company’s stock valued at $6,702,000 after acquiring an additional 45,353 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Analog Devices by 0.3% in the third quarter. NN Investment Partners Holdings N.V. now owns 81,149 shares of the semiconductor company’s stock valued at $9,473,000 after acquiring an additional 227 shares during the last quarter. Intersect Capital LLC bought a new position in Analog Devices in the third quarter valued at approximately $358,000. Finally, Park Avenue Securities LLC boosted its stake in Analog Devices by 46.7% in the third quarter. Park Avenue Securities LLC now owns 5,337 shares of the semiconductor company’s stock valued at $623,000 after acquiring an additional 1,698 shares during the last quarter. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ ADI opened at $148.88 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.84. The firm has a 50-day simple moving average of $155.41 and a 200 day simple moving average of $136.22. Analog Devices has a twelve month low of $79.07 and a twelve month high of $164.40. The stock has a market cap of $54.92 billion, a PE ratio of 45.39, a PEG ratio of 2.26 and a beta of 1.31.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 9th. Stockholders of record on Friday, February 26th will be paid a dividend of $0.69 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, February 25th. Analog Devices’s dividend payout ratio is 56.21%.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company 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 and microwave ICs to support cellular infrastructure.
Read More: What are catch-up contributions?
Get a free copy of the Zacks research report on Analog Devices (ADI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Top Ten Brokerages You Can Trust
There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 250,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it’s difficult to separate the signal from the noise when interpreting this data would be an understatement.
MarketBeat has developed a system to track each brokerage and research house’s stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple’s stock price would hit $150.00 on a specific date, how accurate were they? If Bank of America issued a “strong-buy” rating on a stock, how did that stock perform compared to the broader market over the following twelve months? This tracking system has been applied to the 1,000,000+ ratings that MarketBeat has tracked during the last ten years to identify which brokerages you can really trust (and which you can safely ignore).
This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their “buy” ratings and the accuracy of their price targets.
