Brokerages predict that Analog Devices, Inc. (NASDAQ:ADI) will announce earnings of $1.29 per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for Analog Devices’ earnings. The lowest EPS estimate is $1.25 and the highest is $1.36. Analog Devices posted earnings per share of $0.94 in the same quarter last year, which would indicate a positive year-over-year growth rate of 37.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Analog Devices will report full-year earnings of $5.24 per share for the current year, with EPS estimates ranging from $4.95 to $5.73. For the next fiscal year, analysts forecast that the business will report earnings of $5.64 per share, with EPS estimates ranging from $5.10 to $6.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Analog Devices.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The business 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%. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS.

A number of research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research note on Saturday, September 2nd. Stifel Nicolaus cut their price objective on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, November 22nd. Morgan Stanley reiterated an “overweight” rating and set a $103.00 price objective (up from $98.00) on shares of Analog Devices in a research note on Wednesday, November 22nd. Royal Bank of Canada boosted their price target on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Finally, ValuEngine cut Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and an average target price of $96.71.

In other Analog Devices news, CEO Vincent Roche sold 100,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Neil S. Novich sold 9,303 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $84.46, for a total value of $785,731.38. Following the completion of the transaction, the director now directly owns 29,588 shares in the company, valued at approximately $2,499,002.48. The disclosure for this sale can be found here. Insiders have sold a total of 212,656 shares of company stock worth $18,274,198 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ADI. Franklin Resources Inc. grew its position 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 buying an additional 3,248,336 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Analog Devices by 97.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after buying an additional 2,123,268 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Analog Devices by 576.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock worth $138,903,000 after buying an additional 1,521,316 shares in the last quarter. BlackRock Inc. grew its position 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 buying an additional 1,437,338 shares in the last quarter. Finally, Prudential PLC boosted its position in Analog Devices by 23,301.9% during the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after purchasing an additional 1,298,616 shares in the last quarter. 87.20% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices (NASDAQ:ADI) opened at $86.69 on Monday. The stock has a market capitalization of $31,957.05, a P/E ratio of 18.52, a P/E/G ratio of 1.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices has a 52 week low of $71.00 and a 52 week high of $93.99.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.08%. Analog Devices’s payout ratio is presently 86.96%.

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

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