Brokerages predict that Analog Devices, Inc. (NASDAQ:ADI) will announce sales of $1.45 billion for the current quarter, Zacks reports. Ten analysts have provided estimates for Analog Devices’ earnings, with the lowest sales estimate coming in at $1.45 billion and the highest estimate coming in at $1.47 billion. Analog Devices reported sales of $1.60 billion during the same quarter last year, which indicates a negative year over year growth rate of 9.4%. The firm is expected to issue its next earnings results on Tuesday, November 19th.
According to Zacks, analysts expect that Analog Devices will report full year sales of $6.00 billion for the current financial year, with estimates ranging from $5.99 billion to $6.02 billion. For the next year, analysts forecast that the firm will post sales of $6.06 billion, with estimates ranging from $5.71 billion to $6.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Analog Devices.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS.
ADI stock traded up $2.67 during mid-day trading on Friday, reaching $111.11. The company’s stock had a trading volume of 241,172 shares, compared to its average volume of 1,997,141. The stock has a market cap of $39.21 billion, a PE ratio of 18.72, a P/E/G ratio of 1.95 and a beta of 1.43. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. Analog Devices has a fifty-two week low of $76.62 and a fifty-two week high of $124.79. The company’s 50 day moving average is $111.30 and its two-hundred day moving average is $110.46.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were given a dividend of $0.54 per share. The ex-dividend date was Thursday, August 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.94%. Analog Devices’s payout ratio is currently 36.36%.
In other Analog Devices news, Director James Champy sold 8,260 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $121.02, for a total value of $999,625.20. Following the completion of the transaction, the director now owns 17,390 shares of the company’s stock, valued at approximately $2,104,537.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $92.34, for a total transaction of $923,400.00. Following the completion of the transaction, the chief executive officer now directly owns 351,335 shares of the company’s stock, valued at approximately $32,442,273.90. The disclosure for this sale can be found here. Insiders sold a total of 54,206 shares of company stock valued at $6,064,261 in the last three months. 0.50% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Analog Devices by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 64,131 shares of the semiconductor company’s stock valued at $7,165,000 after purchasing an additional 5,966 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Analog Devices by 279.6% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 66,493 shares of the semiconductor company’s stock valued at $7,429,000 after purchasing an additional 48,976 shares in the last quarter. Pennsylvania Trust Co raised its holdings in shares of Analog Devices by 2.3% in the 3rd quarter. Pennsylvania Trust Co now owns 40,129 shares of the semiconductor company’s stock valued at $4,484,000 after purchasing an additional 920 shares in the last quarter. Cerebellum GP LLC raised its holdings in shares of Analog Devices by 26.9% in the 3rd quarter. Cerebellum GP LLC now owns 3,859 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 817 shares in the last quarter. Finally, Scout Investments Inc. increased its stake in Analog Devices by 0.8% in the third quarter. Scout Investments Inc. now owns 190,777 shares of the semiconductor company’s stock valued at $21,316,000 after purchasing an additional 1,430 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.
Analog Devices Company Profile
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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