Equities analysts forecast that Analog Devices, Inc. (NASDAQ:ADI) will announce $1.35 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Analog Devices’ earnings, with estimates ranging from $1.22 to $1.43. Analog Devices posted earnings of $1.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The business is scheduled to announce its next earnings results on Tuesday, November 28th.

On average, analysts expect that Analog Devices will report full year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.34 to $4.65. For the next fiscal year, analysts anticipate that the company will report earnings of $4.90 per share, with EPS estimates ranging from $4.69 to $5.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Analog Devices.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS.

A number of equities research analysts have recently weighed in on the company. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research note on Sunday, August 27th. Instinet lowered Analog Devices from a “neutral” rating to a “reduce” rating and dropped their price target for the stock from $82.00 to $72.00 in a research note on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $97.00 price target (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research note on Wednesday, August 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $96.00 price target (up previously from $93.00) on shares of Analog Devices in a research note on Thursday, June 1st. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $91.85.

Analog Devices (NASDAQ ADI) traded up 1.82% during trading on Thursday, reaching $83.84. 2,923,791 shares of the company’s stock traded hands. Analog Devices has a one year low of $59.54 and a one year high of $90.49. The firm has a market cap of $30.83 billion, a price-to-earnings ratio of 40.90 and a beta of 1.29. The company has a 50 day moving average of $80.06 and a 200 day moving average of $80.17.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 7th. Analog Devices’s payout ratio is 86.12%.

In other news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $80.07, for a total value of $360,715.35. Following the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,083,427.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,686 shares of company stock valued at $5,867,782. Corporate insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pathstone Family Office LLC raised its stake in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Analog Devices in the 1st quarter valued at $100,000. Jacobus Wealth Management Inc. acquired a new position in Analog Devices in the 1st quarter valued at $113,000. Heritage Trust Co acquired a new position in Analog Devices in the 1st quarter valued at $114,000. Finally, Guardian Life Insurance Co. of America raised its stake in Analog Devices by 18.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 223 shares during the last quarter. 86.72% of the stock is owned by hedge funds and other institutional investors.

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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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