Analog Devices (NASDAQ: ADI) updated its earnings guidance for the first quarter on Tuesday. The company provided earnings per share guidance of $ 1.68 to $ 1.88 for the period, compared to Thomson Reuters consensus earnings per share estimate of $ 1.68. The company has released a revenue forecast of $ 2.5 billion to $ 2.7 billion, compared to the consensus revenue estimate of $ 2.47 billion. Analog Devices has also updated its guidance for the first quarter of 2022 to $ 1,680-1,880 EPS.
Several research analysts recently published reports on ADI shares. Jefferies Financial Group raised its price target for Analog Devices stock from $ 188.00 to $ 195.00 and gave the stock a buy rating in a report released on Thursday, August 19. JPMorgan Chase & Co. raised shares of Analog Devices from a neutral rating to an overweight rating and raised its target price for the company from $ 119.00 to $ 215.00 in a research note on Monday, September 20. . Oppenheimer raised its price target on Analog Devices stock from $ 200.00 to $ 210.00 and gave the stock an outperformance rating in a research report on Friday. Stifel Nicolaus raised his price target on Analog Devices stock from $ 185.00 to $ 190.00 and gave the company a buy rating in a research report on Thursday, August 19. Finally, Wells Fargo & Company began covering shares of Analog Devices in a research note on Monday, July 26. They issued an equal weight rating and a price target of $ 170.00 for the company. One research analyst rated the stock with a sell rating, four issued a conservation rating, and twenty issued a buy rating for the stock. According to MarketBeat, the stock has an average Buy rating and an average price target of $ 186.65.
The NASDAQ ADI opened at $ 184.99 on Tuesday. The stock has a market cap of $ 68.12 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 2.70 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.87, and a debt ratio of 0.31. The company’s 50-day moving average is $ 175.59 and its two-hundred-day moving average is $ 168.38. Analog Devices has a 12 month low of $ 132.84 and a 12 month high of $ 191.95.
Analog Devices (NASDAQ: ADI) last released its results on Tuesday, November 23. The semiconductor company reported earnings per share of $ 1.73 for the quarter, beating the consensus estimate of $ 1.70 by $ 0.03. The company posted revenue of $ 2.34 billion for the quarter, compared to analysts’ estimates of $ 2.31 billion. Analog Devices reported a return on equity of 18.86% and a net margin of 26.15%. The company’s quarterly revenue grew 53.3% year-over-year. During the same period last year, the company posted EPS of $ 1.44. Stock analysts expect Analog Devices to post earnings per share of 6.41 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 14. Shareholders of record on Friday, December 3 will receive a dividend of $ 0.69 per share. This represents an annualized dividend of $ 2.76 and a dividend yield of 1.49%. Analog Devices’ dividend payout ratio is currently 60.39%.
Analog Devices announced that its board of directors authorized a share buyback plan on Wednesday, August 25 that allows the company to repurchase $ 8.50 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 13.8% of its shares through open market purchases. Share buyback plans usually indicate that company management believes its shares are undervalued.
In addition, director Tunc Doluca sold 1,000 shares of Analog Devices in a transaction dated Friday, November 19. The shares were sold at an average price of $ 190.00, for a total value of $ 190,000.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available on the SEC website. In addition, CEO Vincent Roche sold 10,000 shares of the company in a transaction that took place on Friday, October 1. The shares were sold at an average price of $ 168.09, for a total trade of $ 1,680,900.00. Disclosure of this sale can be found here. Insiders have sold 30,100 shares of the company valued at $ 5,192,960 in the past ninety days. Insiders own 0.91% of the company’s shares.
An institutional investor recently bought a new position in shares of Analog Devices. Camden National Bank bought a new stake in shares of Analog Devices, Inc. (NASDAQ: ADI) in the 4th quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,670 shares of the semiconductor company, valued at approximately $ 247,000. 99.41% of the shares are held by institutional investors and hedge funds.
About analog devices
Analog Devices, Inc is engaged 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, equipment. infrastructure, power management systems, network equipment, aerospace and defense electronics, optical systems, automobiles and consumer portable devices.
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