FY2025 EPS Estimates for Analog Devices Increased by Analyst

Analog Devices, Inc. (NASDAQ:ADI - Free Report) - Equities research analysts at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for Analog Devices in a research note issued to investors on Friday, May 23rd. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor company will earn $7.34 per share for the year, up from their prior forecast of $6.98. Cantor Fitzgerald currently has a "Neutral" rating and a $250.00 target price on the stock. The consensus estimate for Analog Devices' current full-year earnings is $7.14 per share.

Other equities research analysts have also issued reports about the company. Maxim Group assumed coverage on Analog Devices in a report on Friday, February 14th. They set a "buy" rating for the company. Wells Fargo & Company reaffirmed a "positive" rating on shares of Analog Devices in a research report on Friday, May 23rd. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Piper Sandler dropped their price target on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Lake Street Capital assumed coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $248.63.

Analog Devices Stock Down 0.0%

ADI traded down $0.04 during trading on Monday, reaching $215.71. 641,172 shares of the stock traded hands, compared to its average volume of 4,136,204. The stock's 50-day simple moving average is $198.18 and its two-hundred day simple moving average is $210.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The stock has a market cap of $107.05 billion, a price-to-earnings ratio of 68.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.84%. Analog Devices's payout ratio is 107.90%.

Analog Devices declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the transaction, the chief executive officer now directly owns 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now owns 186,321 shares in the company, valued at $33,576,907.41. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Analog Devices

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Analog Devices by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after purchasing an additional 359,841 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Analog Devices by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock valued at $2,304,098,000 after purchasing an additional 2,407,460 shares during the period. Geode Capital Management LLC raised its holdings in shares of Analog Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock worth $2,248,971,000 after buying an additional 247,737 shares in the last quarter. Norges Bank bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $1,755,958,000. Finally, FMR LLC grew its position in Analog Devices by 0.8% during the 4th quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock worth $1,582,831,000 after acquiring an additional 61,390 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. 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 consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.