Analog Devices, Inc. Forecasted to Earn Q2 2019 Earnings of $1.40 Per Share (ADI)

Analog Devices, Inc. (NASDAQ:ADI) – B. Riley issued their Q2 2019 EPS estimates for Analog Devices in a research note issued on Thursday. B. Riley analyst C. Ellis forecasts that the semiconductor company will post earnings per share of $1.40 for the quarter. B. Riley currently has a “Buy” rating and a $110.00 price target on the stock.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year.

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A number of other analysts also recently weighed in on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Friday. Stifel Nicolaus lifted their price target on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday. BidaskClub downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Jefferies Group LLC restated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Thursday, October 19th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $106.00 price target on shares of Analog Devices in a research note on Thursday, October 12th. Twelve research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.69.

Analog Devices (ADI) traded down $0.06 during trading on Friday, hitting $90.42. The company had a trading volume of 2,213,593 shares, compared to its average volume of 2,926,695. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.99. Analog Devices has a 12-month low of $67.62 and a 12-month high of $92.96. The stock has a market capitalization of $33,270.00, a P/E ratio of 21.13, a PEG ratio of 1.76 and a beta of 1.32.

Large investors have recently made changes to their positions in the business. Pathstone Family Office LLC increased its stake in Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 15 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Analog Devices by 51.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 475 shares during the last quarter. Fieldpoint Private Securities LLC increased its stake in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC increased its stake in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in Analog Devices during the second quarter worth about $119,000. Institutional investors own 86.42% of the company’s stock.

In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,587,635.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Champy sold 12,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total value of $1,125,000.00. Following the sale, the director now owns 21,910 shares of the company’s stock, valued at $1,971,900. The disclosure for this sale can be found here. Insiders sold 135,994 shares of company stock valued at $11,604,048 over the last quarter. Insiders own 1.10% of the company’s stock.

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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