Brokerages forecast that Analog Devices, Inc. (NASDAQ:ADI) will post $1.15 earnings per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for Analog Devices’ earnings, with estimates ranging from $1.14 to $1.19. Analog Devices reported earnings per share of $0.82 during the same quarter last year, which indicates a positive year-over-year growth rate of 40.2%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, August 30th.

On average, analysts expect that Analog Devices will report full year earnings of $4.38 per share for the current year, with EPS estimates ranging from $4.30 to $4.44. For the next fiscal year, analysts forecast that the company will post earnings of $4.70 per share, with EPS estimates ranging from $4.51 to $5.02. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Analog Devices.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The company’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 15th. Stephens raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $93.00 price objective on shares of Analog Devices in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $90.00 price objective (up from $87.00) on shares of Analog Devices in a report on Thursday, June 1st. Finally, Credit Suisse Group reissued a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $88.86.

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In related news, Director Bruce R. Evans bought 14,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was acquired at an average price of $78.28 per share, with a total value of $1,095,920.00. Following the completion of the purchase, the director now directly owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Peter Real sold 3,000 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the sale, the senior vice president now directly owns 12,026 shares of the company’s stock, valued at approximately $962,080. The disclosure for this sale can be found here. Insiders sold 59,581 shares of company stock valued at $5,073,308 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in ADI. YorkBridge Wealth Partners LLC boosted its stake in Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after buying an additional 11 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock worth $305,000 after buying an additional 32 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Analog Devices by 1.4% in the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock worth $184,000 after buying an additional 32 shares in the last quarter. Peapack Gladstone Financial Corp boosted its stake in Analog Devices by 1.5% in the first quarter. Peapack Gladstone Financial Corp now owns 3,095 shares of the semiconductor company’s stock worth $254,000 after buying an additional 45 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Analog Devices by 1.3% in the first quarter. Sunbelt Securities Inc. now owns 3,639 shares of the semiconductor company’s stock worth $298,000 after buying an additional 48 shares in the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.

Analog Devices (ADI) traded down 0.95% on Wednesday, hitting $80.37. The stock had a trading volume of 2,810,323 shares. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 30.78 and a beta of 1.30. Analog Devices has a 52-week low of $59.01 and a 52-week high of $90.49. The company’s 50 day moving average price is $80.13 and its 200 day moving average price is $79.03.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Friday, June 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.24%. Analog Devices’s payout ratio is 67.92%.

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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