Analog Devices, Inc. (NASDAQ:ADI) – Investment analysts at SunTrust Banks lowered their Q2 2019 EPS estimates for Analog Devices in a research note issued on Tuesday, November 20th. SunTrust Banks analyst W. Stein now forecasts that the semiconductor company will post earnings per share of $1.36 for the quarter, down from their prior forecast of $1.47. SunTrust Banks has a “Buy” rating and a $118.00 price target on the stock.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Analog Devices had a net margin of 24.12% and a return on equity of 20.88%. Analog Devices’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS.

A number of other analysts have also weighed in on ADI. Zacks Investment Research lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. BMO Capital Markets restated a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research note on Monday, August 20th. Stifel Nicolaus raised their price objective on shares of Analog Devices from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, Raymond James raised their price objective on shares of Analog Devices from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $101.50.

NASDAQ:ADI opened at $89.68 on Thursday. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.23 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.50 and a quick ratio of 1.16. Analog Devices has a fifty-two week low of $76.62 and a fifty-two week high of $103.59.

Analog Devices announced that its board has approved a share repurchase program on Tuesday, August 21st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 28th. Analog Devices’s payout ratio is presently 32.32%.

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were 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 of the company’s stock, valued at $2,660,673.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Hassett sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $100.40, for a total transaction of $1,204,800.00. Following the completion of the transaction, the senior vice president now directly owns 26,711 shares in the company, valued at approximately $2,681,784.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,750 shares of company stock worth $8,561,658. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in shares of Analog Devices by 18.3% in the third quarter. Legal & General Group Plc now owns 1,889,741 shares of the semiconductor company’s stock worth $174,661,000 after buying an additional 291,836 shares during the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of Analog Devices by 98.4% in the third quarter. Krane Funds Advisors LLC now owns 13,054 shares of the semiconductor company’s stock worth $1,207,000 after buying an additional 6,474 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Analog Devices by 2.6% in the third quarter. Nordea Investment Management AB now owns 37,522 shares of the semiconductor company’s stock worth $3,469,000 after buying an additional 968 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Analog Devices in the third quarter worth approximately $1,308,000. Finally, Equitable Trust Co. boosted its holdings in shares of Analog Devices by 42.5% in the third quarter. Equitable Trust Co. now owns 212,257 shares of the semiconductor company’s stock worth $19,625,000 after buying an additional 63,322 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

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

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