Analog Devices (ADI) Set to Announce Quarterly Earnings on Wednesday

Analog Devices (NASDAQ:ADIGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 18th. Analysts expect the company to announce earnings of $2.12 per share for the quarter. Analog Devices has set its Q2 2022 guidance at $1.970-$2.170 EPS and its Q2 guidance at $1.97 to $2.17 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Analog Devices (NASDAQ:ADIGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.15. Analog Devices had a return on equity of 12.35% and a net margin of 15.18%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 72.2% compared to the same quarter last year. On average, analysts expect Analog Devices to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Analog Devices stock opened at $155.22 on Wednesday. Analog Devices has a fifty-two week low of $143.81 and a fifty-two week high of $191.95. The firm has a market cap of $81.23 billion, a PE ratio of 48.81, a P/E/G ratio of 1.51 and a beta of 1.07. The business’s fifty day moving average is $158.48 and its two-hundred day moving average is $167.48. The company has a quick ratio of 1.65, a current ratio of 2.09 and a debt-to-equity ratio of 0.17.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Friday, February 25th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, February 24th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.69. Analog Devices’s dividend payout ratio is currently 95.60%.

In other news, Director Tunc Doluca sold 4,700 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $159.76, for a total transaction of $750,872.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 14,000 shares of company stock valued at $2,315,422 over the last 90 days. Insiders own 0.47% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Salem Investment Counselors Inc. lifted its position in shares of Analog Devices by 9.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $187,000 after purchasing an additional 88 shares during the last quarter. Monolith Advisors bought a new position in Analog Devices in the fourth quarter worth about $32,000. Belpointe Asset Management LLC lifted its holdings in Analog Devices by 10.0% in the fourth quarter. Belpointe Asset Management LLC now owns 2,442 shares of the semiconductor company’s stock worth $429,000 after acquiring an additional 222 shares during the last quarter. First Community Trust NA bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $55,000. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Analog Devices by 4.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 9,663 shares of the semiconductor company’s stock valued at $1,698,000 after buying an additional 388 shares during the last quarter. 86.15% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on ADI shares. Daiwa Capital Markets dropped their price objective on Analog Devices from $217.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 17th. Truist Financial dropped their price objective on Analog Devices from $208.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 8th. StockNews.com started coverage on Analog Devices in a report on Thursday, March 31st. They set a “hold” rating for the company. Oppenheimer restated an “outperform” rating and set a $210.00 price objective on shares of Analog Devices in a report on Thursday, April 7th. Finally, Barclays dropped their price objective on Analog Devices from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, January 12th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $199.10.

Analog Devices Company Profile (Get Rating)

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 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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Earnings History for Analog Devices (NASDAQ:ADI)

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