Cantor Fitzgerald Expects Weaker Earnings for Analog Devices

Analog Devices, Inc. (NASDAQ:ADI) – Stock analysts at Cantor Fitzgerald reduced their FY2025 earnings per share (EPS) estimates for shares of Analog Devices in a report issued on Thursday, February 20th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor company will earn $6.98 per share for the year, down from their prior forecast of $7.04. The consensus estimate for Analog Devices’ current full-year earnings is $7.11 per share.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley increased their price target on Analog Devices from $248.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group increased their price target on Analog Devices from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company upped their target price on Analog Devices from $220.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday. TD Cowen cut their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Benchmark upped their target price on Analog Devices from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.19.

Analog Devices Trading Up 0.9 %

Shares of ADI stock opened at $243.82 on Friday. The stock has a market cap of $120.96 billion, a price-to-earnings ratio of 77.65, a PEG ratio of 2.76 and a beta of 1.04. The stock has a 50-day moving average of $215.06 and a 200-day moving average of $219.97. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. Analog Devices has a 1-year low of $182.57 and a 1-year high of $247.10.

Analog Devices announced that its Board of Directors has approved a share buyback plan on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th will be paid a $0.99 dividend. The ex-dividend date is Tuesday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a dividend yield of 1.62%. Analog Devices’s dividend payout ratio is 117.20%.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.

Institutional Trading of Analog Devices

Several institutional investors and hedge funds have recently modified their holdings of ADI. Swedbank AB increased its position in shares of Analog Devices by 6.7% during the third quarter. Swedbank AB now owns 2,894,109 shares of the semiconductor company’s stock valued at $666,137,000 after acquiring an additional 180,870 shares during the last quarter. Whittier Trust Co. increased its position in shares of Analog Devices by 17.0% during the third quarter. Whittier Trust Co. now owns 2,693 shares of the semiconductor company’s stock valued at $620,000 after acquiring an additional 391 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Analog Devices by 9.5% during the third quarter. Foundations Investment Advisors LLC now owns 2,020 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 176 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Analog Devices by 5.0% during the third quarter. Sequoia Financial Advisors LLC now owns 12,431 shares of the semiconductor company’s stock valued at $2,861,000 after acquiring an additional 587 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Analog Devices by 6.4% during the third quarter. Private Advisor Group LLC now owns 20,936 shares of the semiconductor company’s stock valued at $4,818,000 after acquiring an additional 1,264 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

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.