Analog Devices, Inc. (ADI) Set to Announce Quarterly Earnings on Monday
Analog Devices, Inc. (NASDAQ:ADI) is set to issue its quarterly earnings data on Monday, November 20th. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Analog Devices has set its Q4 guidance at $1.29-1.43 EPS.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. On average, analysts expect Analog Devices to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $90.42 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.99. Analog Devices, Inc. has a 12 month low of $67.62 and a 12 month high of $92.96. The company has a market cap of $33,270.00, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32.
ADI has been the subject of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $92.00 price objective on shares of Analog Devices in a research note on Friday, August 4th. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. B. Riley reaffirmed a “buy” rating and set a $103.00 target price on shares of Analog Devices in a report on Thursday, August 17th. BMO Capital Markets reissued an “outperform” rating and issued a $100.00 price target (up previously from $96.00) on shares of Analog Devices in a report on Tuesday, August 29th. Finally, Nomura raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and boosted their price target for the stock from $72.50 to $80.00 in a report on Thursday, August 31st. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $93.69.
In other news, Director James Champy sold 12,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total value of $1,125,000.00. Following the completion of the transaction, the director now owns 21,910 shares in the company, valued at $1,971,900. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at approximately $1,210,077.33. The disclosure for this sale can be found here. In the last three months, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is owned by corporate insiders.
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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