Analog Devices (NASDAQ:ADI) will announce its earnings results before the market opens on Wednesday, May 19th. Analysts expect the company to announce earnings of $1.45 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, February 16th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same quarter in the prior year, the business posted $1.03 EPS. On average, analysts expect Analog Devices to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of ADI opened at $148.10 on Tuesday. The company has a market capitalization of $54.63 billion, a price-to-earnings ratio of 45.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. Analog Devices has a 52-week low of $104.57 and a 52-week high of $164.40. The company has a quick ratio of 1.40, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $156.61 and a 200 day moving average price of $149.57.
A hedge fund recently bought a new stake in Analog Devices stock. Camden National Bank bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,670 shares of the semiconductor company’s stock, valued at approximately $247,000. 91.90% of the stock is owned by institutional investors.
A number of research analysts recently commented on the stock. Piper Sandler increased their target price on shares of Analog Devices from $150.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. Credit Suisse Group raised their price objective on Analog Devices from $165.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 18th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a report on Monday, February 22nd. Barclays raised their price target on Analog Devices from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. Finally, Raymond James boosted their price objective on Analog Devices from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $157.92.
About Analog Devices
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 offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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