Analog Devices (NASDAQ:ADI) Releases Q4 Earnings Guidance

Analog Devices (NASDAQ:ADI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.15-1.29 for the period, compared to the Thomson Reuters consensus estimate of $1.29. The company issued revenue guidance of $1.44-1.46 billion, compared to the consensus revenue estimate of $1.50 billion.

Shares of ADI stock opened at $109.43 on Wednesday. Analog Devices has a 52-week low of $76.62 and a 52-week high of $124.79. The stock has a market cap of $40.87 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.71 and a beta of 1.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.52. The firm has a fifty day moving average of $114.42 and a 200-day moving average of $109.05.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 25.18% and a return on equity of 19.17%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. On average, sell-side analysts predict that Analog Devices will post 5.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.97%. Analog Devices’s dividend payout ratio (DPR) is currently 36.36%.

A number of brokerages recently issued reports on ADI. Royal Bank of Canada dropped their target price on shares of Analog Devices from $140.00 to $120.00 and set an outperform rating for the company in a research report on Wednesday, May 22nd. ValuEngine upgraded shares of Analog Devices from a hold rating to a buy rating in a research report on Tuesday, June 18th. Zacks Investment Research cut shares of Analog Devices from a hold rating to a strong sell rating and set a $102.00 target price for the company. in a research report on Wednesday, May 29th. BidaskClub cut shares of Analog Devices from a buy rating to a hold rating in a research report on Saturday, August 3rd. Finally, SunTrust Banks dropped their target price on shares of Analog Devices to $122.00 and set a buy rating for the company in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Analog Devices has an average rating of Buy and an average price target of $109.94.

In other Analog Devices news, SVP Yusuf Jamal sold 31,867 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $98.19, for a total value of $3,129,020.73. Following the completion of the sale, the senior vice president now owns 2,124 shares in the company, valued at approximately $208,555.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $98.23, for a total transaction of $982,300.00. Following the completion of the sale, the chief executive officer now owns 31,206 shares of the company’s stock, valued at approximately $3,065,365.38. The disclosure for this sale can be found here. Insiders sold a total of 102,266 shares of company stock valued at $11,006,074 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

About Analog Devices

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 and Estimates for Analog Devices (NASDAQ:ADI)

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