Analog Devices (ADI) Given Daily News Sentiment Rating of 0.12
News stories about Analog Devices (NASDAQ:ADI) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Analog Devices earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.0342031733712 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Analog Devices (ADI) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- Pre-Market Technical Scan on Semiconductor Equities — Analog Devices, Semtech, Electro Scientific Industries, and … – PR Newswire (press release) (prnewswire.com)
- Why Analog Devices' Growth Can Hit a Higher Gear (finance.yahoo.com)
- Analog Devices, Inc. (ADI) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Tread Carefully on Analog Devices (finance.yahoo.com)
Several equities analysts have recently commented on ADI shares. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a report on Sunday, August 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Royal Bank of Canada lifted their price objective on shares of Analog Devices from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Nomura raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and lifted their price objective for the company from $72.50 to $80.00 in a research note on Thursday, August 31st. Finally, Instinet raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and lifted their price objective for the company from $72.50 to $80.00 in a research note on Thursday, August 31st. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Analog Devices has a consensus rating of “Buy” and a consensus target price of $96.52.
Analog Devices (ADI) traded up $0.20 during trading on Friday, reaching $88.85. 1,675,262 shares of the company’s stock were exchanged, compared to its average volume of 2,982,041. The firm has a market cap of $32,679.56, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 1.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices has a 52-week low of $71.00 and a 52-week high of $93.99.
Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. analysts forecast that Analog Devices will post 5.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.45 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. Analog Devices’s payout ratio is currently 86.96%.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $89.43, for a total transaction of $402,882.15. Following the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,210,077.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Hassett sold 18,400 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $85.06, for a total transaction of $1,565,104.00. Following the sale, the senior vice president now directly owns 30,139 shares in the company, valued at $2,563,623.34. The disclosure for this sale can be found here. In the last three months, insiders sold 173,848 shares of company stock worth $14,980,459. 1.10% of the stock is currently owned by insiders.
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Analog Devices Company Profile
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.
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