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.
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.
Recommended Story: Circuit Breakers
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]