Equities research analysts predict that Analog Devices, Inc. (NASDAQ:ADI) will post $1.50 billion in sales for the current quarter, according to Zacks. Eleven analysts have made estimates for Analog Devices’ earnings, with estimates ranging from $1.49 billion to $1.53 billion. Analog Devices posted sales of $984.45 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 52.4%. The business is expected to issue its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Analog Devices will report full-year sales of $1.50 billion for the current financial year, with estimates ranging from $5.69 billion to $6.19 billion. For the next fiscal year, analysts expect that the business will post sales of $6.11 billion per share, with estimates ranging from $5.78 billion to $6.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Analog Devices.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $1.05 earnings per share.

ADI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 10th. B. Riley restated a “buy” rating and set a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Oppenheimer restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Friday, November 17th. BidaskClub lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. Finally, Stifel Nicolaus lifted their price target on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $96.72.

Analog Devices (NASDAQ:ADI) opened at $91.30 on Friday. The firm has a market capitalization of $33,660.00, a PE ratio of 46.11, a PEG ratio of 1.69 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices has a 12-month low of $71.00 and a 12-month high of $93.99.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, November 30th. Analog Devices’s dividend payout ratio is presently 90.91%.

In other news, SVP Yusuf Jamal sold 718 shares of Analog Devices stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total transaction of $65,259.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction that occurred on Monday, October 23rd. The shares were 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 disclosure for this sale can be found here. Insiders have sold 164,566 shares of company stock valued at $14,190,668 in the last ninety days. Insiders own 1.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Pathstone Family Office LLC raised its stake in Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 15 shares in the last quarter. Fieldpoint Private Securities LLC raised its stake in Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares in the last quarter. Clear Perspective Advisors LLC raised its stake in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in Analog Devices in the second quarter worth approximately $119,000. Finally, NEXT Financial Group Inc raised its stake in Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares in the last quarter. 86.98% of the stock is owned by institutional investors.

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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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