Analysts expect that Analog Devices, Inc. (NASDAQ:ADI) will post $1.52 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have provided estimates for Analog Devices’ earnings, with the highest EPS estimate coming in at $1.54 and the lowest estimate coming in at $1.52. Analog Devices posted earnings of $1.45 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The business is expected to issue its next quarterly earnings results on Tuesday, November 20th.

On average, analysts expect that Analog Devices will report full-year earnings of $5.89 per share for the current fiscal year, with EPS estimates ranging from $5.41 to $5.95. For the next fiscal year, analysts forecast that the business will report earnings of $5.94 per share, with EPS estimates ranging from $5.79 to $6.24. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Analog Devices.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 22nd. The semiconductor company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. Analog Devices had a return on equity of 20.89% and a net margin of 22.94%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s revenue was up 9.7% compared to the same quarter last year.

ADI has been the topic of several recent analyst reports. Morgan Stanley raised their price target on Analog Devices from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. BidaskClub cut Analog Devices from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Zacks Investment Research cut Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, August 24th. B. Riley decreased their price objective on Analog Devices from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Thursday, August 23rd. Finally, Stifel Nicolaus raised their price objective on Analog Devices from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $107.00.

Shares of NASDAQ:ADI traded down $1.22 on Monday, hitting $91.31. The company’s stock had a trading volume of 1,975,500 shares, compared to its average volume of 2,690,913. Analog Devices has a 1 year low of $80.95 and a 1 year high of $103.59. The stock has a market cap of $33.83 billion, a P/E ratio of 19.35, a PEG ratio of 1.25 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.58 and a debt-to-equity ratio of 0.60.

Analog Devices declared that its board has initiated a stock repurchase program on Tuesday, August 21st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Friday, August 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.92 annualized dividend and a yield of 2.10%. Analog Devices’s payout ratio is 40.68%.

In related news, Director Neil S. Novich sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $95.90, for a total transaction of $719,250.00. Following the transaction, the director now directly owns 30,240 shares in the company, valued at approximately $2,900,016. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $97.19, for a total value of $971,900.00. Following the transaction, the chief executive officer now owns 27,376 shares in the company, valued at $2,660,673.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,655 shares of company stock worth $10,425,833. 1.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nvwm LLC grew its position in Analog Devices by 9.2% during the 1st quarter. Nvwm LLC now owns 6,362 shares of the semiconductor company’s stock worth $565,000 after acquiring an additional 537 shares during the last quarter. Naples Global Advisors LLC grew its position in shares of Analog Devices by 1.6% in the 2nd quarter. Naples Global Advisors LLC now owns 33,888 shares of the semiconductor company’s stock worth $3,251,000 after buying an additional 548 shares during the last quarter. Peoples Financial Services CORP. grew its position in shares of Analog Devices by 4.9% in the 2nd quarter. Peoples Financial Services CORP. now owns 11,798 shares of the semiconductor company’s stock worth $1,132,000 after buying an additional 554 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of Analog Devices by 1.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 31,369 shares of the semiconductor company’s stock worth $2,859,000 after buying an additional 559 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its position in shares of Analog Devices by 6.0% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 10,467 shares of the semiconductor company’s stock worth $1,004,000 after buying an additional 597 shares during the last quarter. Institutional investors and hedge funds own 88.05% of the company’s stock.

Analog Devices Company Profile

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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