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

Brokerages expect that Analog Devices, Inc. (NASDAQ:ADI) will report $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 firm is expected to report its next quarterly earnings report before the market opens on Wednesday, February 28th.

According to Zacks, 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 financial year, analysts forecast that the company will report 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 research analysts that follow 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 53.4% on a year-over-year basis.

A number of research firms have recently issued reports on ADI. Stifel Nicolaus raised their price objective on Analog Devices from $97.00 to $98.00 and gave the company 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, January 20th. Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. B. Riley reissued a “buy” rating and set a $113.00 price target (up from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Finally, Oppenheimer reissued a “buy” rating and set a $100.00 price target on shares of Analog Devices in a report on Friday, November 17th. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $97.21.

Shares of Analog Devices (ADI) opened at $85.35 on Thursday. Analog Devices has a 52-week low of $74.65 and a 52-week high of $98.38. The stock has a market capitalization of $32,996.55, a P/E ratio of 18.92, a PEG ratio of 1.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.

In other news, SVP Gregory N. Henderson sold 4,000 shares of Analog Devices stock in a transaction on Friday, January 5th. The stock was sold at an average price of $91.52, for a total value of $366,080.00. Following the transaction, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jean Philibert sold 5,098 shares of Analog Devices stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total value of $460,043.52. Following the completion of the transaction, the senior vice president now owns 5,098 shares in the company, valued at approximately $460,043.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,061 shares of company stock worth $16,163,741. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of ADI. Sit Investment Associates Inc. grew its position in Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. WFG Advisors LP grew its position in Analog Devices by 26.4% during the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC grew its position in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC grew its position in Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in Analog Devices during the 4th quarter worth $130,000. Institutional investors and hedge funds own 86.20% 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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