Analog Devices (ADI) to Release Quarterly Earnings on Tuesday
Analog Devices (NYSE:ADI) is scheduled to issue its Q314 quarterly earnings data on Tuesday, August 26th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $716.32 million for the quarter.
Shares of Analog Devices (NYSE:ADI) opened at 52.50 on Monday. Analog Devices has a 52-week low of $45.28 and a 52-week high of $56.18. The stock has a 50-day moving average of $51.78 and a 200-day moving average of $52.16. The company has a market cap of $16.493 billion and a P/E ratio of 23.27.
ADI has been the subject of a number of recent research reports. Analysts at B. Riley reiterated a “buy” rating on shares of Analog Devices in a research note on Wednesday, July 30th. They now have a $62.00 price target on the stock, up previously from $58.00. On the ratings front, analysts at Stifel Nicolaus initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating and a $66.00 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.54.
In other Analog Devices news, CFO David Zinsner sold 5,140 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $49.62, for a total value of $255,046.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Analog Devices, Inc (NYSE:ADI) is engaged in the design, manufacture and marketing of a range of analog, mixed-signal and digital signal processing integrated circuits (ICs).
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