Analog Devices (ADI) to Release Quarterly Earnings on Wednesday

Analog Devices (NASDAQ:ADI - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.54 per share and revenue of $2.36 billion for the quarter. Analog Devices has set its Q1 2025 guidance at 1.430-1.630 EPS and its Q1 guidance at $1.43-1.63 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the firm posted $2.01 EPS. On average, analysts expect Analog Devices to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Analog Devices Price Performance

NASDAQ ADI traded up $5.27 during midday trading on Friday, hitting $214.61. The company had a trading volume of 3,938,510 shares, compared to its average volume of 3,421,595. The company has a market capitalization of $106.47 billion, a PE ratio of 65.23, a P/E/G ratio of 2.38 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $214.04 and a 200-day moving average price of $219.71. Analog Devices has a twelve month low of $182.57 and a twelve month high of $244.14.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.71%. Analog Devices's dividend payout ratio is presently 111.85%.

Analysts Set New Price Targets

Several brokerages have weighed in on ADI. TD Cowen dropped their price objective on Analog Devices from $270.00 to $260.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Piper Sandler dropped their price objective on Analog Devices from $235.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Truist Financial lifted their price objective on Analog Devices from $216.00 to $230.00 and gave the company a "hold" rating in a report on Friday, January 10th. Wells Fargo & Company initiated coverage on Analog Devices in a report on Friday, November 22nd. They issued an "equal weight" rating and a $220.00 price objective for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average target price of $248.52.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. 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 consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.