$1.50 Billion in Sales Expected for Analog Devices, Inc. (ADI) This Quarter

Wall Street analysts expect Analog Devices, Inc. (NASDAQ:ADI) to announce $1.50 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Analog Devices’ earnings, with the highest sales estimate coming in at $1.53 billion and the lowest estimate coming in at $1.49 billion. Analog Devices posted sales of $984.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 52.4%. The business is expected to issue its next earnings results on Wednesday, February 21st.

On average, analysts expect that Analog Devices will report full year sales of $1.50 billion for the current year, with estimates ranging from $5.69 billion to $6.19 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.11 billion per share, with estimates ranging from $5.78 billion to $6.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Analog Devices.

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

A number of research analysts have commented on the company. KeyCorp restated a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $103.00 target price (up from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Stifel Nicolaus dropped their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. Jefferies Group lifted their target price on Analog Devices to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, B. Riley lifted their target price on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $96.04.

In other news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $83.52, for a total transaction of $376,257.60. Following the completion of the sale, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,130,109.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Margaret K. Seif sold 6,345 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $88.49, for a total transaction of $561,469.05. Following the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,549.96. The disclosure for this sale can be found here. Insiders sold 112,256 shares of company stock valued at $9,687,884 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of ADI. Sumitomo Mitsui Financial Group Inc. purchased a new position in Analog Devices during the second quarter valued at approximately $119,000. WFG Advisors LP grew its stake in Analog Devices by 26.4% during the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 330 shares in the last quarter. Fieldpoint Private Securities LLC lifted its position in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the last quarter. Clear Perspective Advisors LLC lifted its position in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its position in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 600 shares during the last quarter. 87.31% of the stock is owned by institutional investors and hedge funds.

Analog Devices (ADI) opened at $86.11 on Friday. Analog Devices has a fifty-two week low of $68.42 and a fifty-two week high of $93.99. The firm has a market capitalization of $32,097.12, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is currently 86.96%.

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About Analog Devices

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

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