Several analysts have recently updated their ratings and price targets for Analog Devices (NASDAQ: ADI):
Shares of Analog Devices Inc. (NASDAQ:ADI) traded up 0.83% during midday trading on Friday, hitting $74.20. 1,506,578 shares of the company’s stock traded hands. The company has a 50 day moving average of $64.77 and a 200 day moving average of $61.30. Analog Devices Inc. has a 52 week low of $47.24 and a 52 week high of $74.87. The stock has a market cap of $22.81 billion, a P/E ratio of 35.05 and a beta of 1.18.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.16. Analog Devices had a return on equity of 19.51% and a net margin of 25.18%. The company had revenue of $1 million for the quarter, compared to analyst estimates of $941.92 million. During the same period in the prior year, the company posted $1.03 EPS. Analog Devices’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Analog Devices Inc. will post $3.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Friday, December 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, November 30th. Analog Devices’s payout ratio is 60.87%.