(NASDAQ:ADI) will report earnings per share of $0.76 in their quarterly report and it is expected to announce the company’s results on 8/17/2016 Before Market Open. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $126.35 while the highest price target suggested by the analysts is $135.00 and low price target is $114.00. The company has a market cap of $19.94 billion and a P/E ratio of 31.50. Over the same time span, the stock notched a high price of US$66.91 and its minimum level reached was US$47.24. The stock has market worth of $10.10B. Analog Devices makes up approx 1.27% of Reynders Mcveigh Capital Management’s portfolio.Gradient Investments reduced its stake in ADI by selling 256 shares or 81.53% in the most recent quarter. Return on equity (ROE) was noted as -17.20% while return on investment (ROI) was -15.40%. JPMorgan Chase & Co. now owns 8,984,315 shares of the company’s stock valued at $531,782,000 after buying an additional 197,978 shares during the last quarter.
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The Norwood, MA-based company reported fiscal third quarter net income of $0.82 per share, easily beating Wall Street’s estimate of $0.76. The median estimate represents a 7.25% increase from the last price of 65.27.
For the current quarter, Analog Devices expects to report adjusted per-share earnings between 84 cents and 94 cents on revenue between $910 million and $970 million. In the matter of earnings surprises, it can have a huge impact on a company’s stock price. Underperform rating was given by 0 analyst and Outperform rating was given by 8 analyst. Recently, analysts have updated the mean rating to 2.3.
Analog Devices, Inc. (NASDAQ:ADI) now has mean rating of 2.3 while 9 analyst have recommended the shares as “BUY”, 6 commented as “OUTPERFORM” and 13 commented as “HOLD”. The trading began at US$58.94 but the price moved to US$58.83 at one point during the session and finally capitulating to a session high of US$59. The shares were sold at an average price of $60.03, for a total transaction of $360,180.00. The corporation has an earnings per share (EPS) ratio of 2.05. They now have a Dollars 78 price target on the stock. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 65 from a previous price target of $55.Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 64 from a previous price target of $55.Company shares were Reiterated by MKM Partners on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 66 from a previous price target of $56. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2.
Want the latest recommendations from Zacks Investment Research? 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy.
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07/27/2016 – Analog Devices, Inc. had its “buy” rating reiterated by analysts at Drexel Hamilton.
