Analog Devices (ADI) to Post Q1 2020 Earnings of $1.52 Per Share, B. Riley Forecasts

Analog Devices (NASDAQ:ADI) – Equities researchers at B. Riley issued their Q1 2020 EPS estimates for Analog Devices in a research note issued to investors on Monday, May 21st. B. Riley analyst C. Ellis anticipates that the semiconductor company will post earnings of $1.52 per share for the quarter. B. Riley has a “Buy” rating and a $122.00 price objective on the stock.

ADI has been the topic of several other research reports. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. UBS raised shares of Analog Devices from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th. Raymond James raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Monday, March 26th. Finally, Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $101.50.

Shares of Analog Devices opened at $94.39 on Tuesday, according to MarketBeat.com. The company has a market capitalization of $35.24 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76. Analog Devices has a 12-month low of $76.07 and a 12-month high of $98.38.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The business’s revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Analog Devices by 22.4% during the fourth quarter. Bank of Montreal Can now owns 244,567 shares of the semiconductor company’s stock valued at $21,774,000 after acquiring an additional 44,816 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Analog Devices by 5.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,854,791 shares of the semiconductor company’s stock valued at $165,133,000 after acquiring an additional 97,650 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Analog Devices during the fourth quarter valued at approximately $630,000. Strs Ohio raised its position in Analog Devices by 55.4% during the fourth quarter. Strs Ohio now owns 7,656 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 2,728 shares in the last quarter. Finally, Cerebellum GP LLC bought a new position in Analog Devices during the fourth quarter valued at approximately $130,000. Institutional investors and hedge funds own 87.93% of the company’s stock.

In related news, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $88.83, for a total transaction of $621,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $86.95, for a total transaction of $869,500.00. Following the sale, the chief executive officer now owns 17,376 shares of the company’s stock, valued at $1,510,843.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,106 shares of company stock valued at $6,060,346. Corporate insiders own 0.70% 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.

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

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