Analysts See $1.36 EPS for Analog Devices, Inc. (ADI)

November 15, 2017 - By Maria Brooks

 Analysts See $1.36 EPS for Analog Devices, Inc. (ADI)
Investors sentiment decreased to 1.14 in 2017 Q2. Its down 1.62, from 2.76 in 2017Q1. It is negative, as 66 investors sold Analog Devices, Inc. shares while 222 reduced holdings. 79 funds opened positions while 248 raised stakes. 313.75 million shares or 0.35% less from 314.84 million shares in 2017Q1 were reported.
Hanseatic Ser accumulated 330 shares. Moreover, Vaughan Nelson Mngmt Lp has 0.52% invested in Analog Devices, Inc. (NASDAQ:ADI). 43,429 are held by Cap Fund Sa. One National Association owns 2,776 shares. Hanson Mcclain holds 0% or 120 shares in its portfolio. Bb&T Corporation stated it has 0.03% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Century holds 0.11% or 1.34 million shares in its portfolio. Grandfield Dodd Llc reported 294,607 shares. Snyder Capital Mgmt Lp owns 25,476 shares. Norinchukin Bankshares The invested 0.04% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Verition Fund Management Lc owns 14,589 shares for 0.11% of their portfolio. Private Advisor Gp Ltd Liability Corp reported 0.02% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Fmr Limited Liability reported 0.09% in Analog Devices, Inc. (NASDAQ:ADI). 504,056 were reported by Prudential. Connecticut-based Paloma Prtn Mgmt has invested 0.02% in Analog Devices, Inc. (NASDAQ:ADI).

Since May 22, 2017, it had 0 insider buys, and 4 insider sales for $4.60 million activity. Another trade for 3,000 shares valued at $244,620 was sold by Real Peter. 3,000 shares were sold by SEIF MARGARET K, worth $244,620. ROCHE VINCENT had sold 47,500 shares worth $4.11 million on Tuesday, May 30.

Wall Street await Analog Devices, Inc. (NASDAQ:ADI) to release earnings on November, 21 before the open. Analysts forecast earnings per share of $1.36, up exactly $0.31 or 29.52 % from 2014’s $1.05 EPS. The expected ADI’s profit could reach $500.07 million giving the stock 16.33 P/E in the case that $1.36 earnings per share is reported. After posting $1.26 EPS for the previous quarter, Analog Devices, Inc.’s analysts now forecast 7.94 % EPS growth. About 142,959 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since November 15, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Analog Devices, Inc. (NASDAQ:ADI) Ratings Coverage

Among 28 analysts covering Analog Devices (NASDAQ:ADI), 17 have Buy rating, 0 Sell and 11 Hold. Therefore 61% are positive. Analog Devices had 98 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained Analog Devices, Inc. (NASDAQ:ADI) on Monday, June 26 with “Buy” rating. Nomura upgraded the stock to “Neutral” rating in Monday, January 18 report. The firm has “Market Perform” rating by Raymond James given on Friday, June 16. The firm has “Buy” rating given on Friday, January 15 by Stifel Nicolaus. The company was maintained on Thursday, July 23 by Stifel Nicolaus. Citigroup maintained it with “Neutral” rating and $66 target in Thursday, August 18 report. The rating was maintained by Barclays Capital with “Equalweight” on Wednesday, July 27. The stock has “Sell” rating by Goldman Sachs on Thursday, June 2. Drexel Hamilton maintained the shares of ADI in report on Wednesday, August 30 with “Buy” rating. The firm has “Hold” rating given on Thursday, August 31 by Nomura.

Analog Devices, Inc. designs, makes and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. The company has market cap of $32.67 billion. The Company’s products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. It has a 44.36 P/E ratio. The Firm is a supplier of data converter products.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Fool.com which released: “1 Big Reason to Buy Analog Devices” on October 29, 2017, also Streetinsider.com with their article: “Analog Devices (ADI) Announces Pact with China Mobile IoT” published on October 30, 2017, Prnewswire.com published: “Lifshitz & Miller LLP Announces Investigation of Analog Devices, Inc …” on November 11, 2017. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Nasdaq.com and their article: “Associated Banc-corp Buys Boston Scientific Corp, Analog Devices Inc …” published on November 13, 2017 as well as Nasdaq.com‘s news article titled: “Montag & Caldwell, Llc Buys eBay Inc, Sherwin-Williams Co, Analog Devices Inc …” with publication date: November 01, 2017.

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