Analog Devices, Inc. (ADI) Updates Q1 Earnings Guidance

Analog Devices, Inc. (NASDAQ:ADI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.20-1.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. The company issued revenue guidance of $1.44-1.54 billion, compared to the consensus revenue estimate of $1.46 billion.

Analog Devices, Inc. (NASDAQ ADI) traded up $2.65 on Tuesday, reaching $93.07. The company had a trading volume of 6,527,700 shares, compared to its average volume of 2,942,775. The company has a market capitalization of $34,080.00, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of 1.32. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. Analog Devices, Inc. has a 1-year low of $68.42 and a 1-year high of $93.99.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Monday, November 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities research analysts predict that Analog Devices, Inc. will post 4.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.93%. Analog Devices’s dividend payout ratio (DPR) is currently 90.00%.

Several analysts have commented on the stock. Royal Bank Of Canada restated a buy rating and issued a $92.00 price objective on shares of Analog Devices in a report on Friday, August 4th. B. Riley reiterated a buy rating and set a $110.00 target price on shares of Analog Devices in a report on Thursday, November 16th. Stifel Nicolaus lifted their target price on shares of Analog Devices from $97.00 to $98.00 and gave the company a buy rating in a report on Thursday, November 16th. BidaskClub downgraded shares of Analog Devices from a buy rating to a hold rating in a research report on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reissued a buy rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Analog Devices has an average rating of Buy and an average target price of $93.69.

In other Analog Devices news, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the transaction, the director now owns 234,481 shares in the company, valued at approximately $19,579,163.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory N. Henderson sold 6,396 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.34, for a total transaction of $539,438.64. Following the transaction, the senior vice president now owns 10,327 shares of the company’s stock, valued at approximately $870,979.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,994 shares of company stock valued at $11,370,618. Company insiders own 1.10% 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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