Cantor Fitzgerald Forecasts Analog Devices FY2025 Earnings

Analog Devices, Inc. (NASDAQ:ADI - Free Report) - Stock 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 expects 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.

A number of other brokerages have also recently commented on ADI. JPMorgan Chase & Co. increased their target price on Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Barclays increased their price target on Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Benchmark reaffirmed a "buy" rating and issued a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Finally, TD Cowen increased their price objective on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.63.

Analog Devices Price Performance

Shares of Analog Devices stock traded down $1.27 during mid-day trading on Monday, reaching $215.62. 3,717,590 shares of the stock traded hands, compared to its average volume of 3,526,631. The business has a 50-day moving average of $197.89 and a 200 day moving average of $210.07. 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 capitalization of $106.94 billion, a PE ratio of 68.67, a PEG ratio of 2.85 and a beta of 0.98. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19.

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

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

Analog Devices Dividend Announcement

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

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated 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 approximately $33,576,907.41. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now owns 64,918 shares in the company, valued at $13,575,652.16. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,934 shares of company stock worth $8,735,156 over the last three months. Insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Analog Devices

Institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC acquired a new position in Analog Devices in the 4th quarter valued at about $27,000. Activest Wealth Management increased its position in Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 127 shares during the period. Alpine Bank Wealth Management acquired a new position in Analog Devices in the 1st quarter valued at about $27,000. Finally, Hopwood Financial Services Inc. acquired a new position in Analog Devices in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 86.81% of the company's stock.

About Analog Devices

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.