Analog Devices, Inc. (NASDAQ:ADI) is scheduled to announce its earnings results on Wednesday, August 30th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Analog Devices has set its Q3 guidance at $1.07-1.21 EPS.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The firm’s revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. On average, analysts expect Analog Devices to post $4.37 EPS for the current fiscal year and $4.63 EPS for the next fiscal year.
Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at 79.17 on Wednesday. The company has a market capitalization of $29.06 billion, a PE ratio of 30.32 and a beta of 1.30. Analog Devices, Inc. has a 52-week low of $59.01 and a 52-week high of $90.49. The company has a 50-day moving average of $79.05 and a 200 day moving average of $79.90.
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Several research firms have recently weighed in on ADI. B. Riley reiterated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a research note on Tuesday, May 30th. UBS AG reiterated a “neutral” rating and issued a $94.00 target price (up previously from $83.00) on shares of Analog Devices in a research note on Saturday, June 3rd. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Monday, May 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $93.00 target price on shares of Analog Devices in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.92.
In other news, CEO Vincent Roche sold 47,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total value of $4,108,750.00. Following the sale, the chief executive officer now directly owns 61,484 shares of the company’s stock, valued at approximately $5,318,366. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,587,635.24. The disclosure for this sale can be found here. Insiders sold a total of 61,086 shares of company stock worth $5,191,324 over the last ninety days. Insiders own 1.10% of the company’s stock.
About Analog Devices
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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