Wall Street analysts predict that Analog Devices, Inc. (NASDAQ:ADI) will post $1.50 billion in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Analog Devices’ earnings. The lowest sales estimate is $1.49 billion and the highest is $1.53 billion. Analog Devices posted sales of $984.45 million during the same quarter last year, which suggests a positive year over year growth rate of 52.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Analog Devices will report full-year sales of $1.50 billion for the current financial year, with estimates ranging from $5.69 billion to $6.19 billion. For the next financial year, analysts forecast that the business will report sales of $6.11 billion per share, with estimates ranging from $5.78 billion to $6.30 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Analog Devices.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s quarterly revenue was up 53.4% on a year-over-year basis.

A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada restated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research note on Thursday, January 4th. Piper Jaffray Companies assumed coverage on shares of Analog Devices in a research note on Monday, December 18th. They set a “neutral” rating and a $92.00 target price on the stock. Morgan Stanley raised their target price on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and set a $107.00 target price on shares of Analog Devices in a research note on Friday, November 24th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $97.21.

Analog Devices (ADI) opened at $96.14 on Monday. Analog Devices has a one year low of $72.09 and a one year high of $98.38. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $35,440.00, a P/E ratio of 48.56, a PEG ratio of 1.78 and a beta of 1.29.

In related news, SVP Gregory N. Henderson sold 4,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $91.52, for a total value of $366,080.00. Following the completion of the transaction, the senior vice president now directly owns 1,163 shares of the company’s stock, valued at $106,437.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 181,561 shares of company stock worth $15,756,741. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of ADI. Naples Global Advisors LLC boosted its stake in Analog Devices by 2.4% during the fourth quarter. Naples Global Advisors LLC now owns 32,507 shares of the semiconductor company’s stock worth $2,894,000 after buying an additional 772 shares during the period. Bartlett & Co. LLC boosted its stake in Analog Devices by 30.1% during the fourth quarter. Bartlett & Co. LLC now owns 292,314 shares of the semiconductor company’s stock worth $26,025,000 after buying an additional 67,709 shares during the period. Professional Advisory Services Inc. purchased a new position in Analog Devices during the fourth quarter worth $13,329,000. State of Alaska Department of Revenue boosted its stake in Analog Devices by 110.4% during the fourth quarter. State of Alaska Department of Revenue now owns 62,077 shares of the semiconductor company’s stock worth $5,524,000 after buying an additional 32,575 shares during the period. Finally, McCollum Christoferson Group LLC purchased a new position in Analog Devices during the fourth quarter worth $3,916,000. 87.03% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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