Analog Devices, Inc. (NASDAQ:ADI) – Equities researchers at Jefferies Group lifted their Q1 2018 EPS estimates for Analog Devices in a research note issued to investors on Tuesday. Jefferies Group analyst M. Lipacis now anticipates that the semiconductor company will post earnings of $1.28 per share for the quarter, up from their prior forecast of $1.08. Jefferies Group has a “Buy” rating and a $110.00 price objective on the stock. Jefferies Group also issued estimates for Analog Devices’ Q2 2018 earnings at $1.28 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.36 EPS and FY2018 earnings at $5.19 EPS.

Several other brokerages have also issued reports on ADI. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus decreased their price objective on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday. B. Riley boosted their price objective on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup Inc. reiterated a “neutral” rating and issued a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Finally, Morgan Stanley decreased their price objective on Analog Devices from $103.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.19.

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Shares of Analog Devices (ADI) traded down $1.54 on Thursday, hitting $88.65. The company had a trading volume of 3,968,777 shares, compared to its average volume of 2,961,242. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.52. Analog Devices has a 1-year low of $68.42 and a 1-year high of $93.99. The firm has a market cap of $33,159.95, a price-to-earnings ratio of 19.27, a PEG ratio of 1.75 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Analog Devices by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock worth $2,260,331,000 after purchasing an additional 847,762 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Analog Devices by 6.2% during the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after purchasing an additional 1,437,338 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Analog Devices by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after purchasing an additional 213,714 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after purchasing an additional 3,248,336 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Analog Devices by 14.6% during the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock worth $691,608,000 after purchasing an additional 1,132,549 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

In other news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total transaction of $402,882.15. Following the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,210,077.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Champy sold 10,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $85.00, for a total value of $850,000.00. Following the sale, the director now directly owns 20,185 shares in the company, valued at $1,715,725. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,994 shares of company stock worth $11,370,618. Insiders own 1.10% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio is 86.96%.

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.

Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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