Zacks: Brokerages Expect Analog Devices, Inc. (ADI) to Announce $1.46 EPS

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Equities analysts expect that Analog Devices, Inc. (NASDAQ:ADI) will announce earnings per share of $1.46 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Analog Devices’ earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $1.44. Analog Devices posted earnings per share of $1.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 29th.

On average, analysts expect that Analog Devices will report full year earnings of $5.80 per share for the current year, with EPS estimates ranging from $5.41 to $5.94. For the next year, analysts anticipate that the business will post earnings of $5.94 per share, with EPS estimates ranging from $5.73 to $6.31. Zacks’ earnings per share calculations 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, May 30th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank upped their price target on shares of Analog Devices from $87.00 to $93.00 and gave the stock a “hold” rating in a research report on Thursday, May 31st. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Stifel Nicolaus upped their price target on shares of Analog Devices from $105.00 to $108.00 and gave the stock a “buy” rating in a research report on Thursday, May 31st. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $95.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, May 31st. Finally, Loop Capital assumed coverage on shares of Analog Devices in a research report on Thursday, June 21st. They issued a “buy” rating and a $117.00 price target for the company. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $104.33.

In related news, SVP Margaret K. Seif sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $100.01, for a total transaction of $500,050.00. Following the completion of the sale, the senior vice president now owns 25,517 shares of the company’s stock, valued at $2,551,955.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph Hassett sold 17,150 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $97.95, for a total transaction of $1,679,842.50. The disclosure for this sale can be found here. Insiders have sold 79,187 shares of company stock valued at $7,395,657 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Nvwm LLC increased its stake in Analog Devices by 9.2% during the 1st quarter. Nvwm LLC now owns 6,362 shares of the semiconductor company’s stock valued at $565,000 after purchasing an additional 537 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Analog Devices by 1.8% during the 1st quarter. Segall Bryant & Hamill LLC now owns 31,369 shares of the semiconductor company’s stock valued at $2,859,000 after purchasing an additional 559 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Analog Devices by 19.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,502 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 581 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Analog Devices by 2.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 30,712 shares of the semiconductor company’s stock valued at $2,799,000 after purchasing an additional 624 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Analog Devices by 7.9% during the 1st quarter. D.A. Davidson & CO. now owns 9,530 shares of the semiconductor company’s stock valued at $868,000 after purchasing an additional 696 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

Analog Devices traded down $0.55, hitting $95.95, during trading hours on Friday, Marketbeat Ratings reports. The company had a trading volume of 2,339,672 shares, compared to its average volume of 2,811,324. Analog Devices has a 1 year low of $76.07 and a 1 year high of $103.59. The stock has a market cap of $36.61 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.53 and a quick ratio of 1.14.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 19th. Investors of record on Friday, June 8th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $1.92 dividend on an annualized basis and a yield of 2.00%. Analog Devices’s payout ratio is 40.68%.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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