Tue Sep 17 06:15:00 UTC 2024: ## Analog Devices’ Earnings Estimates Lowered by Zacks Research

**MarketBeat News** – Analog Devices, Inc. (ADI) saw its Q2 2026 earnings per share (EPS) estimates lowered by Zacks Research on September 11th. Analyst R. Department now predicts earnings of $2.24 per share, down from the previous estimate of $2.38. The consensus estimate for the full year remains at $6.33 per share.

Despite the lowered estimate, several other research firms remain optimistic about ADI’s prospects. Goldman Sachs, Robert W. Baird, Truist Financial, Bank of America, and UBS Group have all recently raised their price targets for the company, with most maintaining “buy” ratings. Overall, ADI currently holds a “Moderate Buy” consensus rating with a price target of $251.45.

ADI’s recent financial performance saw the company beat Q2 2024 earnings estimates, reporting $1.58 EPS on revenue of $2.31 billion. However, revenue for the quarter declined 24.8% compared to the same period last year.

Institutional investors have shown continued interest in ADI, with several making new investments or expanding their positions in the company during recent quarters. Additionally, insider trading activity saw Director Edward H. Frank sell shares on multiple occasions, though the company also recently declared a quarterly dividend of $0.92 per share.

Analog Devices remains a key player in the semiconductor industry, specializing in integrated circuits, software, and subsystems. The company’s products find applications across various sectors, including automotive, communications, industrial, and consumer markets.

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