Analog Devices (NASDAQ:ADI - Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $1.63 per share for the quarter. Analog Devices has set its Q4 2024 guidance at 1.530-1.730 EPS and its Q4 guidance at $1.53-$1.73 EPS.Parties that wish to listen to the company's conference call can do so using this link.
Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. Analog Devices's revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period last year, the company earned $2.49 earnings per share. On average, analysts expect Analog Devices to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Analog Devices Price Performance
Shares of NASDAQ ADI traded up $0.78 during midday trading on Tuesday, hitting $210.43. The stock had a trading volume of 2,883,205 shares, compared to its average volume of 3,219,271. Analog Devices has a 1 year low of $179.44 and a 1 year high of $244.14. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $104.48 billion, a PE ratio of 62.65, a P/E/G ratio of 2.89 and a beta of 1.08. The stock has a 50 day simple moving average of $225.70 and a 200-day simple moving average of $225.44.
Analog Devices Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.75%. Analog Devices's payout ratio is 110.51%.
Insider Activity at Analog Devices
In other news, Director Edward H. Frank sold 500 shares of Analog Devices stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the sale, the director now owns 4,748 shares in the company, valued at $1,078,935.52. This trade represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the transaction, the executive vice president now directly owns 59,093 shares of the company's stock, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,495 shares of company stock valued at $25,229,958. 0.31% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Thursday, August 22nd. Morgan Stanley lifted their target price on Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Bank of America dropped their target price on Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Truist Financial lowered Analog Devices from a "buy" rating to a "hold" rating and lowered their target price for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a research report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $249.80.
Read Our Latest Stock Report on Analog Devices
About Analog Devices
(
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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.
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