Analog Devices (NASDAQ:ADI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 22nd. Analysts expect Analog Devices to post earnings of $1.30 per share for the quarter. Analog Devices has set its Q2 guidance at $1.23-1.37 EPS.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.05. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, analysts expect Analog Devices to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NASDAQ:ADI opened at $106.75 on Wednesday. Analog Devices has a 12-month low of $76.62 and a 12-month high of $118.54. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. The company has a current ratio of 2.34, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54.
Several research firms recently issued reports on ADI. BidaskClub lowered shares of Analog Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price target on shares of Analog Devices in a research report on Tuesday, April 30th. Zacks Investment Research lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Robert W. Baird reiterated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Wednesday, February 20th. Finally, Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 price target on the stock. in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $105.67.
In other Analog Devices news, Director Ray Stata sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $107.54, for a total value of $1,075,400.00. Following the sale, the director now owns 151,936 shares in the company, valued at $16,339,197.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret K. Seif sold 7,415 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $107.34, for a total transaction of $795,926.10. Following the completion of the sale, the senior vice president now owns 14,377 shares in the company, valued at approximately $1,543,227.18. The disclosure for this sale can be found here. Insiders sold 112,120 shares of company stock worth $12,114,745 in the last 90 days. Company insiders own 0.50% of the company’s stock.
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About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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