Analog Devices (NASDAQ:ADI) is set to issue its quarterly earnings data on Wednesday, February 28th. Analysts expect the company to announce earnings of $1.29 per share for the quarter.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. On average, analysts expect Analog Devices to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Analog Devices (ADI) opened at $88.41 on Wednesday. The stock has a market cap of $32,590.00, a PE ratio of 44.65, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. Analog Devices has a 52-week low of $74.65 and a 52-week high of $98.38.
ADI has been the subject of several research reports. BidaskClub cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Stifel Nicolaus upped their price target on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. B. Riley reaffirmed a “buy” rating and issued a $113.00 price target (up previously from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Oppenheimer reaffirmed a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $97.52.
In related news, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 6,345 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,805,549.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,963 shares of company stock valued at $15,703,697. 0.70% of the stock is currently owned by company insiders.
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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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