Brokerages predict that Analog Devices, Inc. (NASDAQ:ADI) will post $0.85 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Analog Devices’ earnings. The highest EPS estimate is $0.91 and the lowest is $0.78. Analog Devices reported earnings of $0.64 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 32.8%. The business is expected to report its next earnings results before the market opens on Wednesday, May 31st.
According to Zacks, analysts expect that Analog Devices will report full-year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $3.79 to $4.29. For the next fiscal year, analysts anticipate that the business will report earnings of $4.66 per share, with EPS estimates ranging from $4.20 to $4.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Analog Devices.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 15th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.20. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. The company had revenue of $984 million during the quarter, compared to the consensus estimate of $871.58 million. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share.
A number of analysts recently commented on the company. Stifel Nicolaus boosted their target price on Analog Devices to $92.00 and gave the company a “buy” rating in a research report on Tuesday, March 7th. Pacific Crest boosted their target price on Analog Devices to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 7th. B. Riley reaffirmed a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a research report on Thursday, March 16th. Jefferies Group LLC boosted their target price on Analog Devices to $100.00 and gave the company a “buy” rating in a research report on Monday, March 20th. Finally, Credit Suisse Group AG assumed coverage on Analog Devices in a research report on Tuesday, March 14th. They issued an “outperform” rating and a $100.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.72.
Analog Devices (NASDAQ:ADI) traded up 3.12% on Thursday, hitting $78.76. The stock had a trading volume of 2,442,520 shares. Analog Devices has a 52 week low of $52.17 and a 52 week high of $84.24. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 26.86 and a beta of 1.19. The company has a 50-day moving average price of $79.33 and a 200-day moving average price of $74.75.
In related news, CAO Eileen Wynne sold 5,945 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $75.96, for a total value of $451,582.20. Following the transaction, the chief accounting officer now owns 3,305 shares in the company, valued at $251,047.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Peter Real sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $82.07, for a total value of $410,350.00. Following the completion of the transaction, the senior vice president now owns 12,286 shares in the company, valued at approximately $1,008,312.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,855 shares of company stock worth $13,453,448. 1.10% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Mizuho Trust & Banking Co. Ltd. increased its position in Analog Devices by 2.8% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 540,586 shares of the semiconductor company’s stock valued at $34,841,000 after buying an additional 14,565 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in Analog Devices during the third quarter valued at approximately $15,953,000. Huntington National Bank increased its position in Analog Devices by 7.8% in the third quarter. Huntington National Bank now owns 355,044 shares of the semiconductor company’s stock valued at $22,882,000 after buying an additional 25,649 shares during the last quarter. Campbell Newman Asset Management Inc. purchased a new position in Analog Devices during the third quarter valued at approximately $16,258,000. Finally, Advisors Asset Management Inc. increased its position in Analog Devices by 13.2% in the third quarter. Advisors Asset Management Inc. now owns 91,955 shares of the semiconductor company’s stock valued at $5,926,000 after buying an additional 10,696 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.
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Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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