Analog Devices, Inc. (ADI) Expected to Post Earnings of $1.46 Per Share

Equities research analysts expect Analog Devices, Inc. (NASDAQ:ADI) to announce earnings per share (EPS) of $1.46 for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Analog Devices’ earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $1.44. Analog Devices posted earnings per share of $1.26 during the same quarter last year, which indicates a positive year over year growth rate of 15.9%. The firm is scheduled to issue its next earnings results before the market opens on Wednesday, August 22nd.

According to Zacks, analysts expect that Analog Devices will report full-year earnings of $5.80 per share for the current financial year, with EPS estimates ranging from $5.41 to $5.94. For the next fiscal year, analysts expect that the firm will report earnings of $5.94 per share, with EPS estimates ranging from $5.73 to $6.31. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Analog Devices.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.08. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business posted $1.03 EPS. The company’s quarterly revenue was up 31.8% on a year-over-year basis.



ADI has been the subject of several research reports. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, May 11th. B. Riley decreased their price target on shares of Analog Devices from $122.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 31st. Sanford C. Bernstein lifted their price target on shares of Analog Devices from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, May 31st. Oppenheimer lifted their price target on shares of Analog Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 30th. Finally, Morgan Stanley boosted their target price on shares of Analog Devices from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 31st. Nine analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $104.63.

In other Analog Devices news, SVP Peter Real sold 4,595 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $95.68, for a total transaction of $439,649.60. Following the sale, the senior vice president now directly owns 18,195 shares in the company, valued at approximately $1,740,897.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $96.89, for a total transaction of $968,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 80,050 shares of company stock worth $7,712,311 over the last 90 days. 0.70% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ADI. New England Asset Management Inc. raised its holdings in shares of Analog Devices by 1,630.8% in the 2nd quarter. New England Asset Management Inc. now owns 5,279 shares of the semiconductor company’s stock worth $506,000 after purchasing an additional 4,974 shares in the last quarter. Zacks Investment Management raised its holdings in shares of Analog Devices by 15.3% during the second quarter. Zacks Investment Management now owns 28,353 shares of the semiconductor company’s stock valued at $2,720,000 after acquiring an additional 3,772 shares during the period. Paloma Partners Management Co raised its holdings in shares of Analog Devices by 186.7% during the second quarter. Paloma Partners Management Co now owns 9,196 shares of the semiconductor company’s stock valued at $882,000 after acquiring an additional 19,797 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Analog Devices by 17.7% during the second quarter. Macquarie Group Ltd. now owns 76,632 shares of the semiconductor company’s stock valued at $7,351,000 after acquiring an additional 11,541 shares during the period. Finally, Highland Capital Management LP acquired a new stake in shares of Analog Devices during the second quarter valued at approximately $384,000. Institutional investors own 88.03% of the company’s stock.

Shares of NASDAQ ADI traded down $0.28 during midday trading on Tuesday, hitting $94.85. The company’s stock had a trading volume of 1,761,500 shares, compared to its average volume of 2,614,262. Analog Devices has a 1-year low of $76.95 and a 1-year high of $103.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.14 and a current ratio of 1.53. The firm has a market capitalization of $35.21 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21.

About Analog Devices

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.

Further Reading: Earnings Per Share

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

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