Analog Devices (ADI) Q2 Earnings & Revenues Beat Estimate
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 2:17
Over the past month, the stock has witnessed no estimate revisions for the to-be-reported quarter. Raymond James Svcs Advsr invested in 177,154 shares.
More notable recent Analog Devices, Inc. The overall volume in the last trading session was 3.23 million shares, versus the average volume of 15,746 shares. Columbus Circle Investors has invested 0.85% in Analog Devices, Inc. $1.24 million worth of stock was sold by NOVICH NEIL S on Monday, March 13. (NASDAQ:ADI) on Friday, February 17. The stock rose 1.68% or $1.42 reaching $86.22 per share. STATA RAY sold $4.16M worth of stock.
Chipmaker Analog Devices (ADI) early Wednesday posted better-than-expected sales and earnings per share for its fiscal second quarter and guided Wall Street higher for the current quarter, sending shares markedly higher in premarket trades.
The company said it expects revenue in the range of $1.34 billion to $1.42 billion for the fiscal third quarter.
August 18 investment analysts at Citigroup kept the company rating at "Neutral" and lowered the price target from $78.00 to $66.00. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
About 3.49 million shares traded or 0.58% up from the average. The stock has risen 45 percent in the last 12 months. Analog Devices also saw some unusual options trading on Tuesday. Over the trailing year, the stock is outperforming the S&P 500 by 29.9, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. (NASDAQ:ADI), 7 rate it "Buy", 9 "Outperform", 10 "Underperform", 0 "Sell", while 0 "Hold". Therefore 58% are positive. (NASDAQ:ADI) shares can stay above the price resistance around $85.65 a share, that could help propel Analog Devices, Inc. The stock was sold at an average price of $82.69, for a total value of $1,240,350.00. The firm has "Outperform" rating given on Thursday, October 20 by CLSA. The company was maintained on Monday, January 30 by RBC Capital Markets.
Current levels places Analog Devices, Inc. (NASDAQ:ADI) has "Buy" rating given on Friday, January 15 by Stifel Nicolaus. More interesting news about Analog Devices, Inc. Eight investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The firm earned "Buy" rating on Wednesday, November 23 by Bank of America. (NASDAQ:ADI) were released by: Nasdaq.com and their article: "Gardiner Nancy B Buys JM Smucker Co, Analog Devices Inc, IPG Photonics Corp ..." published on May 16, 2017 as well as Nasdaq.com's news article titled: "Earnings Reaction History: Analog Devices, Inc., 50.0% Follow-Through ..." with publication date: May 31, 2017.
Although the Massachusetts-based company doesn't get mentioned to the extent of its West Coast semis, namely Nvidia (NVDA) and Advanced Micro Devices (NASDAQ:AMD), Analog Devices - which makes analog, digital and mixed-signal processors for industrial and consumer electronics markets - is crushing it in terms of execution. However, if the AVGR shares go below $0.32 then it would indicate a much weaker market for the company.
ADI's converter solutions are used by a broad array of industries to acquire and convert analog data into digital format then compute, manipulate, store, and transmit that data, and provide the processed data back to the real world as analog control, display, or sound.
P/E ratio of the company is 28.92. (ADI) "for sustained innovation and leadership in the development of high-performance data converter technology and products" for over 50 years.
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