Equities research analysts predict that Analog Devices, Inc. (NASDAQ:ADI) will announce $1.60 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Analog Devices’ earnings, with the highest sales estimate coming in at $1.61 billion and the lowest estimate coming in at $1.60 billion. Analog Devices posted sales of $1.32 billion in the same quarter last year, which would indicate a positive year over year growth rate of 21.2%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 19th.
On average, analysts expect that Analog Devices will report full-year sales of $6.48 billion for the current financial year, with estimates ranging from $6.39 billion to $6.61 billion. For the next year, analysts forecast that the business will post sales of $6.88 billion, with estimates ranging from $6.73 billion to $7.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Analog Devices.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping 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%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company posted $1.03 earnings per share.
ADI has been the topic of several analyst reports. Oppenheimer reiterated a “buy” rating and set a $175.00 price target on shares of Analog Devices in a research note on Thursday, February 11th. The Goldman Sachs Group lifted their price target on shares of Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, December 14th. BMO Capital Markets lifted their price target on shares of Analog Devices from $155.00 to $190.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 16th. Royal Bank of Canada lifted their price target on shares of Analog Devices from $174.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 16th. Finally, Credit Suisse Group lifted their price target on shares of Analog Devices from $165.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 18th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Analog Devices has an average rating of “Buy” and a consensus price target of $157.92.
And, here we go again, as a supply crisis could fuel a new lithium craze.
Shares of ADI stock opened at $149.90 on Friday. The firm’s 50 day moving average is $153.76 and its 200 day moving average is $139.43. The stock has a market capitalization of $55.30 billion, a P/E ratio of 45.70, a P/E/G ratio of 2.26 and a beta of 1.31. Analog Devices has a 12-month low of $82.90 and a 12-month high of $164.40. The company has a current ratio of 1.84, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Friday, February 26th were issued a $0.69 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This is an increase from Analog Devices’s previous quarterly dividend of $0.62. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.84%. Analog Devices’s payout ratio is 56.21%.
In related news, SVP Gregory N. Henderson sold 14,557 shares of the company’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $154.60, for a total transaction of $2,250,512.20. Following the transaction, the senior vice president now directly owns 8,910 shares in the company, valued at approximately $1,377,486. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Champy sold 4,245 shares of the company’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $153.50, for a total transaction of $651,607.50. Following the transaction, the director now owns 6,371 shares in the company, valued at $977,948.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,581 shares of company stock worth $5,745,082. Insiders own 0.42% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Benjamin Edwards Inc. purchased a new stake in Analog Devices in the 3rd quarter valued at about $25,000. Key Financial Inc purchased a new stake in Analog Devices in the 4th quarter valued at about $28,000. Diversified LLC purchased a new stake in Analog Devices in the 4th quarter valued at about $29,000. Mirova purchased a new stake in Analog Devices in the 3rd quarter valued at about $34,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in Analog Devices in the 4th quarter valued at about $38,000. Institutional investors own 91.90% of the company’s stock.
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 type of investment options does a Roth IRA provide?
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]
7 Entertainment Stocks That Are Still Delighting Investors
2020 has created a real-life movie script that many production companies could have only dreamed of. But that dream has been a nightmare for many of the world’s leading entertainment stocks. Movie theaters and live entertainment venues remain shut down. The words “pent-up demand” have never resonated more. Consumers are desperate for ways to be entertained.
That may make it an odd time to consider looking at entertainment stocks. But that would be a mistake. In fact, some entertainment stocks have been among the biggest pandemic winners. This is a trend that is likely to continue as the holidays arrive. The phrase “home for the holidays” is likely to have a new meaning this year. That means consumers will still be looking for ways to be entertained. And now is the time for you to prepare your portfolio for that move.
To be clear, the novel coronavirus was not due to poor management from any company. And you can bet that in the future, many companies will leave some room in their balance sheet for future “acts of God.” But in the meantime, some entertainment stocks have been pandemic winners. And that means they will likely continue to be winners as long as the pandemic lingers.
View the “7 Entertainment Stocks That Are Still Delighting Investors”.
