Brokerages predict that Analog Devices (NASDAQ:ADI) will announce sales of $1.47 billion for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Analog Devices’ earnings, with estimates ranging from $1.47 billion to $1.49 billion. Analog Devices posted sales of $1.15 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The firm is expected to report its next quarterly earnings results on Wednesday, May 30th.
According to Zacks, analysts expect that Analog Devices will report full-year sales of $6.02 billion for the current financial year, with estimates ranging from $5.92 billion to $6.19 billion. For the next year, analysts anticipate that the business will post sales of $6.28 billion per share, with estimates ranging from $5.96 billion to $6.65 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Analog Devices.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm’s revenue was up 54.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share.
Shares of ADI opened at $93.14 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76. The company has a market cap of $34,310.38, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Analog Devices has a 12-month low of $74.65 and a 12-month high of $98.38.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 9th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.06%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, March 8th. Analog Devices’s dividend payout ratio (DPR) is 40.68%.
In other Analog Devices news, Director James Champy sold 2,455 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $92.18, for a total value of $226,301.90. Following the completion of the sale, the director now owns 13,220 shares of the company’s stock, valued at $1,218,619.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,754. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,664 shares of company stock worth $5,320,928. 0.70% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB lifted its holdings in Analog Devices by 6.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 83,469 shares of the semiconductor company’s stock valued at $7,431,000 after acquiring an additional 4,709 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Analog Devices by 12.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 211,455 shares of the semiconductor company’s stock valued at $18,826,000 after acquiring an additional 23,819 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in Analog Devices in the fourth quarter valued at $139,000. Sawtooth Solutions LLC acquired a new stake in Analog Devices in the fourth quarter valued at $237,000. Finally, William Blair Investment Management LLC acquired a new stake in Analog Devices in the fourth quarter valued at $44,803,000. 88.43% of the stock is owned by institutional investors.
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About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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