Investor’s Roundup: Analog Devices (NASDAQ: ADI)

On Wednesday, Shares of Analog Devices (NASDAQ: ADI) showed the bullish trend with a higher momentum of 0.44% to $114.11. The company traded total volume of 3,437,855 shares as contrast to its average volume of 2.79M shares. The company has a market value of $42.07B and about 368.70M shares outstanding.

Analog Devices Inc. (ADI) stated fiscal first-quarter net income of $355.0M. On a per-share basis, the Norwood, Massachusetts-based company said it had profit of 95 cents. Earnings, adjusted for one-time gains and costs, were $1.33 per share. The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The semiconductor maker posted revenue of $1.54B in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $1.51B. For the current quarter ending in May, Analog Devices anticipates its per-share earnings to range from $1.23 to $1.37.

The company said it anticipates revenue in the range of $1.45B to $1.55B for the fiscal second quarter.

The Company offered gross profit margin of 68.00%. The stock, as of recent close, has shown the weekly upbeat performance of 1.04% which was maintained at 32.95% in this year.

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Edith Slocum

I am Edith Slocum and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. <strong>Address:</strong> 4510 Sigley Road, Salina, KS 67401, USA <strong>Phone:</strong> (+1) 785-534-9610 <strong>Email:</strong> [email protected]

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