Analysts expect that Analog Devices, Inc. (NASDAQ:ADI) will announce sales of $1.40 billion for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Analog Devices’ earnings, with estimates ranging from $1.38 billion to $1.42 billion. Analog Devices posted sales of $869.59 million in the same quarter last year, which suggests a positive year-over-year growth rate of 61%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, August 30th.
On average, analysts expect that Analog Devices will report full-year sales of $1.40 billion for the current fiscal year, with estimates ranging from $4.96 billion to $5.11 billion. For the next financial year, analysts forecast that the company will report sales of $5.73 billion per share, with estimates ranging from $5.48 billion to $6.08 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Analog Devices.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.18. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. Analog Devices’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS.
Several research firms recently issued reports on ADI. B. Riley reissued a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a report on Tuesday, May 30th. UBS AG reissued a “neutral” rating and issued a $94.00 target price (up from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a report on Monday, May 22nd. Stephens raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Finally, BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Analog Devices currently has an average rating of “Buy” and an average target price of $89.92.
In other news, SVP Peter Real sold 4,505 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,083,427.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 47,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total value of $4,108,750.00. Following the transaction, the chief executive officer now owns 61,484 shares of the company’s stock, valued at $5,318,366. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock valued at $5,202,514 over the last quarter. Corporate insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC purchased a new position in Analog Devices during the second quarter worth approximately $981,000. Dearborn Partners LLC increased its position in Analog Devices by 0.5% in the second quarter. Dearborn Partners LLC now owns 76,987 shares of the semiconductor company’s stock worth $5,990,000 after buying an additional 412 shares in the last quarter. Ffcm LLC increased its position in Analog Devices by 9.6% in the second quarter. Ffcm LLC now owns 20,059 shares of the semiconductor company’s stock worth $1,561,000 after buying an additional 1,751 shares in the last quarter. AGF Investments America Inc. increased its position in Analog Devices by 9.2% in the second quarter. AGF Investments America Inc. now owns 54,457 shares of the semiconductor company’s stock worth $4,237,000 after buying an additional 4,573 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Analog Devices by 190.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 130,091 shares of the semiconductor company’s stock worth $10,121,000 after buying an additional 85,378 shares in the last quarter. Hedge funds and other institutional investors own 87.76% of the company’s stock.
Analog Devices (ADI) opened at 77.98 on Thursday. Analog Devices has a 1-year low of $59.01 and a 1-year high of $90.49. The firm has a market capitalization of $28.62 billion, a price-to-earnings ratio of 29.87 and a beta of 1.30. The stock’s 50 day moving average is $79.29 and its 200 day moving average is $79.67.
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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