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Tag: Analog Devices

  • Analog Devices (NASDAQ:ADI) Posts Quarterly Earnings Results

    Analog Devices (NASDAQ:ADI) Posts Quarterly Earnings Results

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    Analog Devices (NASDAQ:ADI – Get Free Report) released its quarterly earnings data on Wednesday. The semiconductor company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.03), MarketWatch Earnings reports. Analog Devices had a net margin of 28.16% and a return on equity of 15.27%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company earned $2.52 EPS. Analog Devices’s quarterly revenue was down 1.1% on a year-over-year basis. Analog Devices updated its Q4 guidance to $1.90-2.10 EPS and its Q4 2023 guidance to $1.90-$2.10 EPS.

    Analog Devices Stock Up 0.5 %

    Analog Devices stock opened at $177.48 on Thursday. The stock has a market cap of $88.99 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.74 and a beta of 1.15. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.18. Analog Devices has a twelve month low of $133.48 and a twelve month high of $200.10. The company’s 50-day moving average price is $189.07 and its two-hundred day moving average price is $186.35.

    Analog Devices Announces Dividend

    The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, September 5th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.94%. Analog Devices’s dividend payout ratio is currently 48.73%.

    Analysts Set New Price Targets

    A number of analysts recently commented on ADI shares. StockNews.com upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Wolfe Research began coverage on shares of Analog Devices in a research report on Wednesday, July 19th. They issued a “market perform” rating for the company. Citigroup reduced their target price on shares of Analog Devices from $225.00 to $200.00 in a research note on Thursday, May 25th. JPMorgan Chase & Co. reduced their target price on shares of Analog Devices from $210.00 to $205.00 in a research note on Tuesday, May 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Analog Devices from $200.00 to $195.00 in a research note on Thursday, May 25th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.91.

    Get Our Latest Analysis on Analog Devices

    Insider Buying and Selling at Analog Devices

    In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $197.64, for a total transaction of $1,976,400.00. Following the transaction, the chief executive officer now directly owns 70,713 shares of the company’s stock, valued at $13,975,717.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Prashanth Mahendra-Rajah sold 30,591 shares of Analog Devices stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $192.75, for a total value of $5,896,415.25. Following the transaction, the chief financial officer now directly owns 27,458 shares of the company’s stock, valued at $5,292,529.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $197.64, for a total transaction of $1,976,400.00. Following the completion of the transaction, the chief executive officer now directly owns 70,713 shares in the company, valued at $13,975,717.32. The disclosure for this sale can be found here. Insiders have sold a total of 84,051 shares of company stock valued at $15,886,215 in the last three months. 0.46% of the stock is currently owned by company insiders.

    Institutional Inflows and Outflows

    A number of hedge funds have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its stake in Analog Devices by 182.2% in the second quarter. Orion Portfolio Solutions LLC now owns 22,701 shares of the semiconductor company’s stock valued at $4,422,000 after acquiring an additional 14,656 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Analog Devices by 2.4% in the second quarter. Sunbelt Securities Inc. now owns 4,094 shares of the semiconductor company’s stock valued at $798,000 after buying an additional 97 shares in the last quarter. National Pension Service boosted its position in Analog Devices by 4.1% in the second quarter. National Pension Service now owns 869,715 shares of the semiconductor company’s stock valued at $164,794,000 after buying an additional 34,275 shares in the last quarter. Alliancebernstein L.P. boosted its position in Analog Devices by 236.6% in the second quarter. Alliancebernstein L.P. now owns 2,312,235 shares of the semiconductor company’s stock valued at $450,446,000 after buying an additional 1,625,377 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its position in Analog Devices by 25.4% in the second quarter. Equitable Holdings Inc. now owns 2,132 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 432 shares in the last quarter. 85.91% of the stock is owned by institutional investors.

    Analog Devices Company Profile

    (Get Free Report)

    Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

    Further Reading

    Earnings History for Analog Devices (NASDAQ:ADI)

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  • Analog Devices (NASDAQ:ADI) Shares Gap Down After Analyst Downgrade

    Analog Devices (NASDAQ:ADI) Shares Gap Down After Analyst Downgrade

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    Shares of Analog Devices, Inc. (NASDAQ:ADI – Get Rating) gapped down prior to trading on Wednesday after BMO Capital Markets lowered their price target on the stock from $215.00 to $200.00. The stock had previously closed at $187.92, but opened at $171.50. Analog Devices shares last traded at $173.96, with a volume of 2,481,238 shares changing hands.

    A number of other research firms have also weighed in on ADI. Morgan Stanley cut their target price on shares of Analog Devices from $210.00 to $195.00 in a research report on Wednesday. Susquehanna cut their target price on shares of Analog Devices from $225.00 to $215.00 in a research report on Wednesday. Wells Fargo & Company cut their target price on shares of Analog Devices from $190.00 to $185.00 in a research report on Thursday. UBS Group boosted their target price on shares of Analog Devices from $195.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Finally, Truist Financial dropped their price objective on shares of Analog Devices from $251.00 to $213.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.17.

    Insider Buying and Selling at Analog Devices

    In other Analog Devices news, CFO Prashanth Mahendra-Rajah sold 26,250 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $187.01, for a total value of $4,909,012.50. Following the transaction, the chief financial officer now directly owns 23,871 shares in the company, valued at $4,464,115.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director James Champy sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $185.44, for a total transaction of $277,232.80. Following the transaction, the director now directly owns 6,371 shares in the company, valued at $1,181,438.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 26,250 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $187.01, for a total transaction of $4,909,012.50. Following the transaction, the chief financial officer now owns 23,871 shares in the company, valued at $4,464,115.71. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

    Hedge Funds Weigh In On Analog Devices

    A number of large investors have recently modified their holdings of ADI. Kistler Tiffany Companies LLC acquired a new position in shares of Analog Devices during the fourth quarter worth approximately $25,000. Silicon Valley Capital Partners acquired a new position in Analog Devices in the first quarter valued at approximately $27,000. My Personal CFO LLC acquired a new position in Analog Devices in the fourth quarter valued at approximately $29,000. Magellan Asset Management Ltd acquired a new position in Analog Devices in the first quarter valued at approximately $30,000. Finally, Fortis Capital Advisors LLC acquired a new position in Analog Devices in the first quarter valued at approximately $31,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

    Analog Devices Price Performance

    The company’s fifty day moving average is $186.11 and its two-hundred day moving average is $176.80. The firm has a market capitalization of $87.20 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.15. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 0.18.

    Analog Devices (NASDAQ:ADI – Get Rating) last announced its quarterly earnings data on Wednesday, May 24th. The semiconductor company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.08. Analog Devices had a net margin of 27.27% and a return on equity of 14.69%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the business posted $2.40 earnings per share. Analog Devices’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post 10.65 earnings per share for the current fiscal year.

    Analog Devices Dividend Announcement

    The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, June 2nd. Analog Devices’s payout ratio is presently 51.89%.

    About Analog Devices

    (Get Rating)

    Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.

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