Analog Devices (NASDAQ:ADI) Announces Quarterly Earnings Results

Analog Devices (NASDAQ:ADI) released its quarterly earnings data on Monday. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03, MarketWatch Earnings reports. Analog Devices had a return on equity of 18.86% and a net margin of 26.15%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue for the quarter was up 53.3% on a year-over-year basis.

Shares of ADI traded up $0.02 during trading hours on Wednesday, hitting $182.47. 2,849,289 shares of the stock were exchanged, compared to its average volume of 3,522,003. Analog Devices has a fifty-two week low of $134.96 and a fifty-two week high of $191.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.11 and a quick ratio of 0.87. The business has a 50-day moving average of $175.94 and a 200-day moving average of $168.66. The firm has a market capitalization of $67.19 billion, a P/E ratio of 39.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 14th. Investors of record on Friday, December 3rd will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, December 2nd. Analog Devices’s dividend payout ratio is 60.39%.

Analog Devices declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 25th that allows the company to repurchase $8.50 billion in shares. This repurchase authorization allows the semiconductor company to purchase up to 13.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

A number of research firms recently issued reports on ADI. Wells Fargo & Company raised their price target on Analog Devices from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Morgan Stanley raised their price target on Analog Devices from $179.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Zacks Investment Research cut Analog Devices from a “hold” rating to a “sell” rating and set a $194.00 price objective for the company. in a research report on Tuesday, November 9th. Piper Sandler increased their price objective on Analog Devices from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Truist Securities raised their price objective on Analog Devices from $192.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from, the company presently has a consensus rating of “Buy” and a consensus price target of $193.41.

In other news, Director Bruce R. Evans acquired 8,001 shares of the business’s stock in a transaction dated Wednesday, October 6th. The stock was bought at an average cost of $164.98 per share, for a total transaction of $1,320,004.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $168.09, for a total transaction of $1,680,900.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,100 shares of company stock worth $5,382,960. 0.91% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Analog Devices stock. Camden National Bank purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,670 shares of the semiconductor company’s stock, valued at approximately $247,000. 99.41% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History for Analog Devices (NASDAQ:ADI)

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