Analog Devices (NASDAQ:ADI) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.15-1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38. The company issued revenue guidance of $1.4-1.5 billion, compared to the consensus revenue estimate of $1.55 billion.Analog Devices also updated its Q3 guidance to $1.15-1.29 EPS.

A number of equities analysts have commented on the company. Zacks Investment Research raised Analog Devices from a sell rating to a hold rating in a report on Tuesday, February 12th. Sanford C. Bernstein cut Analog Devices from an outperform rating to a market perform rating and set a $106.00 price target for the company. in a report on Monday, March 25th. Bank of America raised Analog Devices from a neutral rating to a buy rating and increased their price target for the company from $96.00 to $125.00 in a report on Monday, February 11th. ValuEngine cut Analog Devices from a buy rating to a hold rating in a report on Saturday, May 18th. Finally, SunTrust Banks increased their price target on Analog Devices to $126.00 and gave the company an average rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $104.72.

Shares of Analog Devices stock opened at $101.44 on Thursday. The company has a market capitalization of $36.79 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. Analog Devices has a fifty-two week low of $76.62 and a fifty-two week high of $118.54. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. Equities research analysts predict that Analog Devices will post 5.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 31st will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.16 annualized dividend and a yield of 2.13%. Analog Devices’s payout ratio is 36.36%.

In other news, CAO Michael Sondel sold 3,010 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $108.64, for a total transaction of $327,006.40. Following the completion of the transaction, the chief accounting officer now directly owns 5,556 shares in the company, valued at $603,603.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vincent Roche sold 15,505 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $107.20, for a total value of $1,662,136.00. Following the transaction, the chief executive officer now owns 17,376 shares of the company’s stock, valued at $1,862,707.20. The disclosure for this sale can be found here. Insiders sold 99,618 shares of company stock valued at $10,796,427 over the last quarter. 0.50% of the stock is currently owned by company insiders.

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About Analog Devices

Analog Devices, Inc engages 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, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Earnings History and Estimates for Analog Devices (NASDAQ:ADI)

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