Analog Devices (NASDAQ:ADI – Get Free Report) issued its quarterly earnings results on Tuesday. The semiconductor company reported $2.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.01), RTT News reports. Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business posted $2.73 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. Analog Devices updated its Q1 guidance to $1.60-1.80 EPS.
Analog Devices Stock Up 0.4 %
Shares of NASDAQ ADI opened at $183.82 on Tuesday. The business’s fifty day moving average price is $171.74 and its 200-day moving average price is $180.78. Analog Devices has a one year low of $154.99 and a one year high of $200.10. The stock has a market capitalization of $91.60 billion, a PE ratio of 24.98, a P/E/G ratio of 2.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.71 and a quick ratio of 1.10.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, September 5th were paid a $0.86 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $3.44 annualized dividend and a dividend yield of 1.87%. Analog Devices’s payout ratio is presently 46.74%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Analog Devices
Insider Activity at Analog Devices
In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $182.60, for a total transaction of $1,826,000.00. Following the sale, the chief executive officer now owns 70,713 shares of the company’s stock, valued at approximately $12,912,193.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.
Institutional Trading of Analog Devices
Several institutional investors and hedge funds have recently modified their holdings of ADI. Norges Bank purchased a new stake in Analog Devices in the fourth quarter valued at approximately $1,040,194,000. Moneta Group Investment Advisors LLC increased its position in shares of Analog Devices by 101,479.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,111,943 shares of the semiconductor company’s stock valued at $674,482,000 after purchasing an additional 4,107,895 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Analog Devices by 236.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,312,235 shares of the semiconductor company’s stock valued at $450,446,000 after buying an additional 1,625,377 shares in the last quarter. Barclays PLC boosted its stake in Analog Devices by 111.6% in the second quarter. Barclays PLC now owns 1,596,945 shares of the semiconductor company’s stock worth $311,100,000 after buying an additional 842,406 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Analog Devices by 16.1% during the fourth quarter. Morgan Stanley now owns 5,988,806 shares of the semiconductor company’s stock worth $982,344,000 after acquiring an additional 830,281 shares in the last quarter. Hedge funds and other institutional investors own 85.55% of the company’s stock.
Analog Devices Company Profile
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 that include performance, integration, and software design simulation tools for accurate power supply designs.
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