Analog Devices (NASDAQ:ADI) Announces Quarterly Earnings Results

Analog Devices (NASDAQ:ADI) issued its earnings results on Tuesday. The semiconductor company reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03), RTT News reports. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Analog Devices updated its Q1 guidance to $0.93-1.07 EPS.

Analog Devices stock opened at $112.93 on Tuesday. The company has a market cap of $40.87 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.42. Analog Devices has a 1-year low of $80.08 and a 1-year high of $124.79. The company has a fifty day simple moving average of $110.49 and a 200 day simple moving average of $110.15. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.91%. Analog Devices’s dividend payout ratio is 36.36%.

In other Analog Devices news, SVP Joseph Hassett sold 10,544 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $116.72, for a total value of $1,230,695.68. Following the completion of the sale, the senior vice president now owns 34,360 shares in the company, valued at $4,010,499.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Martin Cotter sold 463 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $115.76, for a total transaction of $53,596.88. Following the completion of the sale, the senior vice president now owns 173 shares of the company’s stock, valued at approximately $20,026.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,362 shares of company stock valued at $5,780,793. 0.50% of the stock is owned by insiders.

Several equities research analysts have commented on the stock. Raymond James raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, October 30th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. ValuEngine downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Loop Capital increased their price objective on shares of Analog Devices to $125.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Daiwa Capital Markets started coverage on shares of Analog Devices in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $121.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Analog Devices has a consensus rating of “Buy” and an average price target of $114.88.

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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Earnings History for Analog Devices (NASDAQ:ADI)

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