Equities analysts expect Analog Devices, Inc. (NASDAQ:ADI) to report sales of $1.50 billion for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Analog Devices’ earnings, with estimates ranging from $1.49 billion to $1.53 billion. Analog Devices reported sales of $984.45 million in the same quarter last year, which would suggest a positive year over year growth rate of 52.4%. The company is expected to issue its next earnings report before the market opens on Wednesday, February 28th.

On average, analysts expect that Analog Devices will report full-year sales of $1.50 billion for the current fiscal year, with estimates ranging from $5.69 billion to $6.19 billion. For the next financial year, analysts forecast that the firm will report sales of $6.11 billion per share, with estimates ranging from $5.78 billion to $6.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Analog Devices.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year.

Several research analysts recently issued reports on ADI shares. SunTrust Banks reissued a “buy” rating and set a $106.00 target price on shares of Analog Devices in a report on Thursday, October 12th. Jefferies Group reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Thursday, October 19th. BidaskClub cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus raised their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, B. Riley reissued a “buy” rating and set a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $97.21.

In related news, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $88.50, for a total transaction of $619,500.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,805,754. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 6,345 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $88.49, for a total transaction of $561,469.05. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at $1,805,549.96. The disclosure for this sale can be found here. Insiders have sold 186,061 shares of company stock worth $16,163,741 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ADI. Sit Investment Associates Inc. raised its stake in Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the period. Cerebellum GP LLC purchased a new position in Analog Devices during the fourth quarter worth about $130,000. Fieldpoint Private Securities LLC raised its stake in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC raised its stake in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc raised its stake in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Analog Devices (ADI) opened at $85.35 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The stock has a market cap of $32,996.55, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.64 and a beta of 1.28.

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

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