$1.29 EPS Expected for Analog Devices, Inc. (ADI) This Quarter

Brokerages expect Analog Devices, Inc. (NASDAQ:ADI) to announce earnings of $1.29 per share for the current quarter, according to Zacks. Eleven analysts have provided estimates for Analog Devices’ earnings, with the lowest EPS estimate coming in at $1.25 and the highest estimate coming in at $1.34. Analog Devices reported earnings of $0.94 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 37.2%. The business is expected to report its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Analog Devices will report full year earnings of $5.20 per share for the current year, with EPS estimates ranging from $4.95 to $5.41. For the next fiscal year, analysts expect that the business will post earnings of $5.57 per share, with EPS estimates ranging from $5.10 to $5.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Analog Devices.

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

Several brokerages have recently commented on ADI. Stifel Nicolaus raised their target price on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday. B. Riley reissued 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. Jefferies Group reissued a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised 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. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and a consensus target price of $97.21.

Shares of Analog Devices (NASDAQ ADI) traded down $1.10 during trading on Friday, hitting $96.14. The stock had a trading volume of 2,751,910 shares, compared to its average volume of 2,580,000. The firm has a market capitalization of $35,040.00, a PE ratio of 48.56, a PEG ratio of 1.80 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 1-year low of $72.09 and a 1-year high of $98.38.

In other Analog Devices news, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ray Stata sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.70, for a total value of $917,000.00. Following the transaction, the director now owns 179,481 shares in the company, valued at $16,458,407.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,066 shares of company stock worth $16,159,623. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its stake in shares of Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the period. WFG Advisors LP increased its stake in shares of Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 330 shares during the period. Fieldpoint Private Securities LLC increased its stake in shares of 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 purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC increased its stake in shares of 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 purchasing an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc increased its stake in shares of 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 purchasing an additional 600 shares during the period. Institutional investors own 87.08% of the company’s stock.

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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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