Analog Devices (NASDAQ:ADI) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.15-1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.29. The company issued revenue guidance of $1.44-1.46 billion, compared to the consensus revenue estimate of $1.50 billion.
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Analog Devices from a buy rating to a hold rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Analog Devices from $97.00 to $100.00 and gave the company an equal weight rating in a research report on Thursday. Goldman Sachs Group raised shares of Analog Devices from a sell rating to a buy rating and lifted their price target for the company from $101.00 to $114.00 in a research report on Monday, June 10th. Zacks Investment Research cut shares of Analog Devices from a hold rating to a strong sell rating and set a $102.00 price target for the company. in a research report on Wednesday, May 29th. Finally, Piper Jaffray Companies lifted their price target on shares of Analog Devices from $118.00 to $135.00 and gave the company an overweight rating in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $110.11.
Shares of Analog Devices stock opened at $104.17 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.52. The stock has a market capitalization of $40.15 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. Analog Devices has a 52-week low of $76.62 and a 52-week high of $124.79. The company has a 50-day simple moving average of $114.11 and a two-hundred day simple moving average of $109.16.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Analog Devices had a net margin of 24.71% and a return on equity of 18.01%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.53 earnings per share. As a group, equities research analysts forecast that Analog Devices will post 5.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.16 annualized dividend and a yield of 2.07%. Analog Devices’s dividend payout ratio (DPR) is presently 36.36%.
In other news, SVP Joseph Hassett sold 10,040 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $109.38, for a total value of $1,098,175.20. Following the completion of the sale, the senior vice president now directly owns 32,400 shares in the company, valued at $3,543,912. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $98.23, for a total transaction of $982,300.00. Following the completion of the sale, the chief executive officer now owns 31,206 shares of the company’s stock, valued at $3,065,365.38. The disclosure for this sale can be found here. Insiders sold 70,399 shares of company stock valued at $7,877,053 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.
About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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