Q1 2019 EPS Estimates for Analog Devices, Inc. (ADI) Reduced by Analyst

Analog Devices, Inc. (NASDAQ:ADI) – Equities research analysts at Jefferies Financial Group lowered their Q1 2019 earnings per share estimates for Analog Devices in a report released on Tuesday, November 20th. Jefferies Financial Group analyst M. Lipacis now anticipates that the semiconductor company will earn $1.28 per share for the quarter, down from their prior estimate of $1.43. Jefferies Financial Group also issued estimates for Analog Devices’ Q2 2019 earnings at $1.36 EPS, Q4 2019 earnings at $1.44 EPS, Q1 2020 earnings at $1.46 EPS, Q2 2020 earnings at $1.53 EPS, Q3 2020 earnings at $1.57 EPS, Q4 2020 earnings at $1.61 EPS and FY2020 earnings at $6.17 EPS.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 20th. The semiconductor company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.03. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. Analog Devices had a return on equity of 20.88% and a net margin of 24.12%. Analog Devices’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.45 earnings per share.

A number of other analysts also recently commented on the company. Morgan Stanley decreased their price target on Analog Devices from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday. Nomura decreased their price target on Analog Devices from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday. Piper Jaffray Companies decreased their target price on Analog Devices from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday. Loop Capital decreased their target price on Analog Devices to $102.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, B. Riley raised their target price on Analog Devices to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $101.10.

Shares of ADI opened at $88.64 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.50 and a quick ratio of 1.16. The company has a market cap of $33.33 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.27 and a beta of 1.23. Analog Devices has a 12 month low of $76.62 and a 12 month high of $103.59.

Several hedge funds and other institutional investors have recently made changes to their positions in ADI. Moody National Bank Trust Division purchased a new position in shares of Analog Devices in the third quarter valued at $105,000. Fort L.P. purchased a new position in shares of Analog Devices in the second quarter valued at $117,000. Integrated Investment Consultants LLC bought a new stake in Analog Devices during the second quarter valued at $130,000. Atlas Capital Advisors LLC bought a new stake in Analog Devices during the third quarter valued at $146,000. Finally, Gamble Jones Investment Counsel bought a new stake in Analog Devices during the second quarter valued at $200,000. Institutional investors own 89.06% of the company’s stock.

In other news, SVP Prashanth Mahendra-Rajah sold 2,700 shares of Analog Devices stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $90.33, for a total value of $243,891.00. Following the completion of the transaction, the senior vice president now directly owns 2,556 shares in the company, valued at $230,883.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 27,376 shares of the company’s stock, valued at $2,326,960. The disclosure for this sale can be found here. Insiders sold 91,450 shares of company stock valued at $8,805,549 over the last three months. Company insiders own 1.10% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 29th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, November 28th. Analog Devices’s dividend payout ratio is currently 32.32%.

Analog Devices announced that its board has initiated a stock buyback plan on Tuesday, August 21st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It 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 ICs to support cellular infrastructure.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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