Analog Devices, Inc. (NASDAQ:ADI) – Investment analysts at KeyCorp increased their Q1 2021 earnings per share estimates for Analog Devices in a research note issued on Wednesday, January 6th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will post earnings per share of $1.39 for the quarter, up from their previous estimate of $1.35. KeyCorp has a “Overweight” rating and a $175.00 price target on the stock. KeyCorp also issued estimates for Analog Devices’ Q2 2021 earnings at $1.43 EPS, Q3 2021 earnings at $1.51 EPS, Q4 2021 earnings at $1.57 EPS, FY2021 earnings at $5.90 EPS, Q1 2022 earnings at $1.60 EPS, Q2 2022 earnings at $1.63 EPS, Q3 2022 earnings at $1.67 EPS, Q4 2022 earnings at $1.66 EPS and FY2022 earnings at $6.56 EPS. Analog Devices (NASDAQ:ADI) last announced its earnings results on Monday, November 23rd. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $1.19 EPS.
Several other brokerages also recently commented on ADI. Oppenheimer lifted their target price on shares of Analog Devices from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 18th. Raymond James lifted their price target on Analog Devices from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 25th. The Goldman Sachs Group lifted their price target on Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, December 14th. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Loop Capital lifted their price target on Analog Devices from $136.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, November 30th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Analog Devices has a consensus rating of “Buy” and a consensus target price of $141.96.
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Shares of ADI opened at $149.30 on Thursday. The firm’s 50 day simple moving average is $141.84 and its 200 day simple moving average is $125.17. The company has a market capitalization of $55.16 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.11 and a beta of 1.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 1.40. Analog Devices has a 1-year low of $79.07 and a 1-year high of $152.29.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Friday, December 4th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 3rd. Analog Devices’s payout ratio is currently 50.51%.
In related news, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $124.56, for a total transaction of $1,245,600.00. Following the completion of the transaction, the senior vice president now directly owns 13,628 shares in the company, valued at approximately $1,697,503.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 3,625 shares of the business’s stock in a transaction that occurred on Friday, November 27th. The shares were sold at an average price of $138.41, for a total value of $501,736.25. Following the transaction, the chief financial officer now owns 15,184 shares of the company’s stock, valued at $2,101,617.44. The disclosure for this sale can be found here. Insiders have sold a total of 50,318 shares of company stock valued at $6,863,091 in the last ninety days. Insiders own 0.42% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Analog Devices by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,140 shares of the semiconductor company’s stock valued at $2,234,000 after buying an additional 3,573 shares during the period. Park National Corp OH boosted its position in Analog Devices by 47.8% during the fourth quarter. Park National Corp OH now owns 106,120 shares of the semiconductor company’s stock valued at $15,677,000 after purchasing an additional 34,331 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Analog Devices during the third quarter valued at about $1,351,000. Advisor Partners LLC boosted its position in Analog Devices by 1.6% during the third quarter. Advisor Partners LLC now owns 11,399 shares of the semiconductor company’s stock valued at $1,331,000 after purchasing an additional 185 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in Analog Devices by 80.8% during the third quarter. Epoch Investment Partners Inc. now owns 1,156,787 shares of the semiconductor company’s stock valued at $135,043,000 after purchasing an additional 517,050 shares in the last quarter. Institutional investors and hedge funds own 91.89% 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.
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