Analog Devices, Inc. (NASDAQ:ADI)‘s stock had its “buy” rating restated by SunTrust Banks, Inc. in a research note issued on Thursday. They presently have a $106.00 target price on the semiconductor company’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 19.33% from the stock’s current price.

A number of other equities analysts also recently commented on ADI. B. Riley reiterated a “buy” rating and set a $103.00 target price on shares of Analog Devices in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 target price on shares of Analog Devices in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $97.00 target price on shares of Analog Devices in a research note on Monday, September 25th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. Eleven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.85.

Analog Devices (NASDAQ:ADI) traded up 0.29% during mid-day trading on Thursday, hitting $88.83. The stock had a trading volume of 2,335,203 shares. The stock has a market cap of $32.66 billion, a P/E ratio of 44.22 and a beta of 1.30. The firm has a 50-day moving average of $83.84 and a 200-day moving average of $80.54. Analog Devices has a 52-week low of $59.54 and a 52-week high of $90.49.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The company’s revenue was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts forecast that Analog Devices will post $4.62 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Analog Devices’ (ADI) “Buy” Rating Reaffirmed at SunTrust Banks, Inc.” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/analog-devices-adi-buy-rating-reaffirmed-at-suntrust-banks-inc/1626586.html.

In related news, Director Kenton J. Sicchitano sold 15,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $88.15, for a total transaction of $1,322,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $80.35, for a total transaction of $241,050.00. Following the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,639,461.40. The disclosure for this sale can be found here. Insiders have sold 126,494 shares of company stock valued at $10,677,931 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Pathstone Family Office LLC increased its holdings in Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 15 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Analog Devices in the first quarter valued at about $100,000. Guardian Life Insurance Co. of America increased its holdings in Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 223 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Analog Devices by 51.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 475 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new position in Analog Devices in the second quarter valued at about $119,000. 86.67% of the stock is owned by institutional investors.

About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures 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. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

Receive News & Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.