Equities research analysts predict that Analog Devices, Inc. (NASDAQ:ADI) will report earnings per share of $1.35 for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Analog Devices’ earnings, with the highest EPS estimate coming in at $1.43 and the lowest estimate coming in at $1.22. Analog Devices posted earnings per share of $1.05 in the same quarter last year, which suggests a positive year over year growth rate of 28.6%. The company is expected to announce its next quarterly earnings report on Tuesday, November 28th.

According to Zacks, analysts expect that Analog Devices will report full-year earnings of $4.58 per share for the current fiscal year, with EPS estimates ranging from $4.34 to $4.65. For the next year, analysts expect that the company will report earnings of $4.90 per share, with EPS estimates ranging from $4.69 to $5.27. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Analog Devices.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. Analog Devices’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS.

ADI has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. BidaskClub downgraded shares of Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Citigroup Inc. reaffirmed a “neutral” rating and set a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Raymond James Financial, Inc. initiated coverage on shares of Analog Devices in a research report on Friday, June 16th. They set a “market perform” rating on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price objective on shares of Analog Devices in a research report on Friday, August 4th. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $91.85.

Shares of Analog Devices (NASDAQ:ADI) traded up 0.35% during trading on Thursday, hitting $82.35. 2,226,102 shares of the company’s stock were exchanged. The firm has a market capitalization of $30.28 billion, a PE ratio of 40.99 and a beta of 1.29. Analog Devices has a 1-year low of $59.54 and a 1-year high of $90.49. The stock’s 50 day moving average is $79.94 and its 200 day moving average is $80.16.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 7th. Analog Devices’s payout ratio is currently 86.12%.

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In related news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,587,635.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Champy sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the transaction, the director now owns 20,185 shares of the company’s stock, valued at $1,715,725. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,686 shares of company stock valued at $3,780,282. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Analog Devices by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock valued at $2,260,331,000 after buying an additional 847,762 shares in the last quarter. BlackRock Inc. raised its stake in shares of Analog Devices by 6.2% in the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after buying an additional 1,437,338 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Analog Devices by 14.4% in the 1st quarter. Wellington Management Group LLP now owns 18,479,225 shares of the semiconductor company’s stock valued at $1,514,372,000 after buying an additional 2,319,193 shares in the last quarter. State Street Corp raised its stake in shares of Analog Devices by 20.0% in the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after buying an additional 2,493,568 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after buying an additional 3,248,336 shares in the last quarter. Institutional investors own 86.72% 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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