Analog Devices (ADI) Receives Media Sentiment Score of 0.15
Media stories about Analog Devices (NASDAQ:ADI) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Analog Devices earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.7197525115914 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Tread Carefully on Analog Devices (finance.yahoo.com)
- Analog Devices (ADI) and Tower Semiconductor (TSEM) Critical Analysis (americanbankingnews.com)
- Cypress, Microchip Ones to Own in ’18, Says Piper; ADI, ON, Less So (finance.yahoo.com)
- SAP Adds to Its Integrated Business Planning Capabilities – Nasdaq (nasdaq.com)
- How Analog Devices (ADI) Stock Stands Out in a Strong Industry (finance.yahoo.com)
A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies assumed coverage on shares of Analog Devices in a research note on Monday. They set a “neutral” rating and a $92.00 target price for the company. Morgan Stanley boosted their target price on shares of Analog Devices from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. KeyCorp reissued a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research report on Friday, November 24th. Finally, Stifel Nicolaus cut their price objective on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $96.52.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. Analog Devices’s revenue was up 53.4% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. equities research analysts expect 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 issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.03%. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.
In other Analog Devices news, Director James Champy sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total value of $435,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.52, for a total transaction of $376,257.60. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at $1,130,109.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,353 shares of company stock valued at $15,356,716. 1.10% of the stock is currently owned by corporate insiders.
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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.
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