Brokerages expect Analog Devices, Inc. (NASDAQ:ADI) to post $1.29 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Analog Devices’ earnings. The lowest EPS estimate is $1.25 and the highest is $1.34. Analog Devices posted earnings per share of $0.94 during the same quarter last year, which would suggest a positive year over year growth rate of 37.2%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Analog Devices will report full-year earnings of $5.20 per share for the current year, with EPS estimates ranging from $4.95 to $5.41. For the next year, analysts forecast that the business will post earnings of $5.57 per share, with EPS estimates ranging from $5.10 to $5.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Analog Devices.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s revenue was up 54.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS.
In related news, SVP Gregory N. Henderson sold 4,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now directly owns 1,163 shares in the company, valued at approximately $106,437.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Yusuf Jamal sold 718 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total value of $65,259.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,618 shares of company stock valued at $15,142,228. 0.70% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Sit Investment Associates Inc. increased its position in Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,010 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in Analog Devices in the fourth quarter worth $121,000. Fieldpoint Private Securities LLC increased its position in Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares during the last quarter. Clear Perspective Advisors LLC increased its position in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Analog Devices in the fourth quarter worth $130,000. Institutional investors and hedge funds own 85.82% of the company’s stock.
Analog Devices (NASDAQ:ADI) traded down $2.11 during mid-day trading on Friday, hitting $90.15. The company had a trading volume of 4,248,509 shares, compared to its average volume of 3,620,000. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The firm has a market cap of $33,600.00, a price-to-earnings ratio of 45.53, a PEG ratio of 1.48 and a beta of 1.27. Analog Devices has a 1-year low of $74.65 and a 1-year high of $98.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be given a dividend of $0.48 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.13%. Analog Devices’s dividend payout ratio is currently 90.91%.
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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