Research Analysts Issue Forecasts for Analog Devices, Inc.’s FY2020 Earnings (ADI)
Analog Devices, Inc. (NASDAQ:ADI) – Analysts at B. Riley issued their FY2020 earnings per share estimates for Analog Devices in a research report issued to clients and investors on Tuesday. B. Riley analyst C. Ellis expects that the semiconductor company will earn $6.57 per share for the year. B. Riley currently has a “Buy” rating and a $113.00 target price on the stock.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Research Analysts Issue Forecasts for Analog Devices, Inc.’s FY2020 Earnings (ADI)” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://theolympiareport.com/2017/11/23/research-analysts-issue-forecasts-for-analog-devices-inc-s-fy2020-earnings-adi.html.
Several other research firms also recently issued reports on ADI. Drexel Hamilton restated a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research note on Tuesday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Friday, November 17th. Morgan Stanley restated an “overweight” rating and issued a $103.00 price objective (up previously from $98.00) on shares of Analog Devices in a research note on Wednesday. Jefferies Group LLC upped their price objective on shares of Analog Devices to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus decreased their price objective on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $94.38.
Analog Devices (NASDAQ ADI) traded down $1.54 during midday trading on Thursday, reaching $88.65. 4,028,500 shares of the company’s stock traded hands, compared to its average volume of 2,961,242. The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices has a one year low of $68.42 and a one year high of $93.99. The firm has a market capitalization of $33,159.95, a P/E ratio of 19.27, a PEG ratio of 1.75 and a beta of 1.32.
A number of hedge funds and other institutional investors have recently bought and sold shares of ADI. Sumitomo Mitsui Financial Group Inc. purchased a new position in Analog Devices in the second quarter valued at about $119,000. WFG Advisors LP increased its holdings in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares in the last quarter. Fieldpoint Private Securities LLC increased its holdings 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 valued at $127,000 after buying an additional 705 shares in the last quarter. Clear Perspective Advisors LLC increased its holdings 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 valued at $130,000 after buying an additional 1,476 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 600 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.
In related news, Director James Champy sold 12,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the director now directly owns 21,910 shares of the company’s stock, valued at $1,971,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peter Real sold 4,505 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The disclosure for this sale can be found here. Insiders have sold 132,994 shares of company stock valued at $11,370,618 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.03%. Analog Devices’s dividend payout ratio is currently 86.96%.
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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