Analog Devices, Inc. (NASDAQ:ADI) – Research analysts at SunTrust Banks upped their Q2 2018 earnings estimates for shares of Analog Devices in a report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst W. Stein now anticipates that the semiconductor company will post earnings per share of $1.37 for the quarter, up from their prior forecast of $1.25. SunTrust Banks also issued estimates for Analog Devices’ Q3 2018 earnings at $1.37 EPS, Q4 2018 earnings at $1.45 EPS, Q1 2019 earnings at $1.26 EPS, Q2 2019 earnings at $1.38 EPS, Q3 2019 earnings at $1.40 EPS, Q4 2019 earnings at $1.48 EPS and FY2019 earnings at $5.51 EPS.
Other analysts have also issued reports about the company. Stifel Nicolaus reduced their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Jefferies Group increased their target price on Analog Devices to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. B. Riley increased their target price on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Drexel Hamilton reissued a “buy” rating and set a $105.00 target price on shares of Analog Devices in a report on Tuesday, November 21st. Finally, Oppenheimer reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Friday, November 17th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and an average price target of $100.57.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The company’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS.
Institutional investors and hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. raised its position in shares of Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Analog Devices during the fourth quarter worth about $121,000. Fieldpoint Private Securities LLC raised its position in shares of Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC raised its position in shares of Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Cerebellum GP LLC bought a new position in shares of Analog Devices during the fourth quarter worth about $130,000. Institutional investors own 88.54% of the company’s stock.
In other news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $88.83, for a total transaction of $621,810.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gregory N. Henderson sold 4,000 shares of Analog Devices stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.52, for a total value of $366,080.00. Following the sale, the senior vice president now directly owns 1,163 shares in the company, valued at $106,437.76. The disclosure for this sale can be found here. Insiders have sold 84,618 shares of company stock worth $7,554,228 over the last three months. Insiders own 0.70% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, March 8th. Analog Devices’s dividend payout ratio (DPR) is presently 564.71%.
Analog Devices Company Profile
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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