Analysts Set Expectations for Analog Devices FY2025 Earnings

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

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday. Piper Sandler cut their target price on Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday. Barclays boosted their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a research report on Friday. KGI Securities assumed coverage on shares of Analog Devices in a research report on Friday. They set a "buy" rating on the stock. Finally, Wells Fargo & Company reiterated a "positive" rating on shares of Analog Devices in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.63.

Analog Devices Price Performance

Shares of Analog Devices stock traded up $6.42 during trading hours on Monday, reaching $216.89. The company's stock had a trading volume of 5,542,186 shares, compared to its average volume of 3,525,334. The firm has a 50 day moving average price of $197.67 and a 200-day moving average price of $210.03. 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 one year low of $158.65 and a one year high of $247.10. The stock has a market cap of $107.57 billion, a P/E ratio of 69.07, a P/E/G ratio of 2.85 and a beta of 0.98.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Analog Devices declared that its board has authorized a share buyback program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of Analog Devices stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $10,441,928.04. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the sale, the chief executive officer now directly owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Analog Devices

Several institutional investors and hedge funds have recently modified their holdings of the stock. Broderick Brian C lifted its holdings in Analog Devices by 2.6% in the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after acquiring an additional 2,017 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Analog Devices in the 4th quarter valued at $10,212,000. Curbstone Financial Management Corp acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $460,000. Synergy Asset Management LLC raised its position in Analog Devices by 11.1% during the fourth quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock worth $5,404,000 after acquiring an additional 2,554 shares during the period. Finally, RFG Advisory LLC raised its position in Analog Devices by 3.9% during the fourth quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company's stock worth $440,000 after acquiring an additional 77 shares during the period. 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.