Equities research analysts forecast that Analog Devices, Inc. (NASDAQ:ADI) will report sales of $1.47 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Analog Devices’ earnings, with estimates ranging from $1.47 billion to $1.49 billion. Analog Devices reported sales of $1.15 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.8%. The company is expected to issue its next quarterly earnings report on Wednesday, May 30th.
According to Zacks, analysts expect that Analog Devices will report full year sales of $1.47 billion for the current fiscal year, with estimates ranging from $5.92 billion to $6.19 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.28 billion per share, with estimates ranging from $5.96 billion to $6.65 billion. Zacks’ 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 Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 54.4% compared to the same quarter last year.
In other Analog Devices news, Director Kenton J. Sicchitano sold 7,500 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $91.45, for a total transaction of $685,875.00. Following the completion of the transaction, the director now directly owns 25,285 shares of the company’s stock, valued at approximately $2,312,313.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.25, for a total transaction of $912,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,618 shares of company stock valued at $7,554,228. 0.70% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Analog Devices by 1.0% during the 4th quarter. BlackRock Inc. now owns 23,933,612 shares of the semiconductor company’s stock worth $2,130,809,000 after acquiring an additional 244,533 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Analog Devices by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after buying an additional 213,714 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Analog Devices by 0.3% in the 3rd quarter. Wells Fargo & Company MN now owns 8,742,697 shares of the semiconductor company’s stock worth $753,358,000 after buying an additional 25,092 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Analog Devices by 97.4% in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Analog Devices by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 3,988,453 shares of the semiconductor company’s stock worth $354,369,000 after buying an additional 111,215 shares during the last quarter. 88.54% of the stock is owned by institutional investors.
Shares of Analog Devices (NASDAQ:ADI) opened at $94.66 on Wednesday. Analog Devices has a 52-week low of $74.65 and a 52-week high of $98.38. The stock has a market cap of $35,327.34, a price-to-earnings ratio of 18.51, a PEG ratio of 1.43 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.48 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 8th. Analog Devices’s dividend payout ratio (DPR) is currently 91.87%.
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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