Analog Devices, Inc. (ADI) Set to Announce Earnings on Tuesday
Analog Devices, Inc. (NASDAQ:ADI) will release its earnings data on Tuesday, August 15th. Analysts expect Analog Devices to post earnings of $1.15 per share for the quarter. Analog Devices has set its Q3 guidance at $1.07-1.21 EPS.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. The company 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 firm’s revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, analysts expect Analog Devices to post $4.37 EPS for the current fiscal year and $4.63 EPS for the next fiscal year.
Analog Devices, Inc. (NASDAQ:ADI) opened at 78.87 on Tuesday. The firm has a market capitalization of $28.95 billion, a P/E ratio of 30.21 and a beta of 1.30. The stock has a 50 day moving average price of $79.61 and a 200-day moving average price of $79.52. Analog Devices, Inc. has a 52 week low of $59.01 and a 52 week high of $90.49.
In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $81.54, for a total value of $244,620.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,663,742.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Evans bought 14,000 shares of the business’s stock in a transaction on Friday, July 7th. The stock was bought at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the transaction, the director now owns 67,540 shares in the company, valued at approximately $5,287,031.20. The disclosure for this purchase can be found here. Insiders have sold 61,086 shares of company stock valued at $5,202,514 in the last three months. 1.10% of the stock is owned by insiders.
A number of analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and set a $103.00 target price on shares of Analog Devices in a report on Tuesday, May 30th. UBS AG reiterated a “neutral” rating and set a $94.00 target price (up from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Monday, May 22nd. Stephens upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Finally, BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $89.92.
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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