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.
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.
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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