Analog Devices (ADI) Receiving Somewhat Positive Press Coverage, Report Finds
News headlines about Analog Devices (NASDAQ:ADI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news 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 media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.5513217911581 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Analog Devices, Inc. breached its 50 day moving average in a Bullish Manner : ADI-US : August 15, 2017 (finance.yahoo.com)
- Ultra-Wideband 3GHz to 20GHz Mixer Supports DC to 6GHz IF & 0dBm LO Drive in a Tiny 3mm x 2mm Package (eejournal.com)
- Analog Devices, Inc. (Adi) Shares Bought by Washington Trust Co (topix.com)
- 3 Ways the IoT Revolutionizes Farming – Electronic Design (electronicdesign.com)
- Analog Devices, Inc. (NASDAQ:ADI) Short Interest Update (americanbankingnews.com)
Shares of Analog Devices (NASDAQ ADI) traded up 0.08% on Tuesday, reaching $79.96. The company’s stock had a trading volume of 1,784,198 shares. The stock has a 50-day moving average price of $79.06 and a 200-day moving average price of $79.81. The company has a market capitalization of $29.35 billion, a price-to-earnings ratio of 30.62 and a beta of 1.30. Analog Devices has a 1-year low of $59.01 and a 1-year high of $90.49.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 41.2% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices will post $4.37 EPS for the current year.
Several research firms have issued reports on ADI. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 target price on shares of Analog Devices in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. B. Riley reiterated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a research note on Tuesday, June 27th. Finally, Raymond James Financial, Inc. began coverage on Analog Devices in a research note on Friday, June 16th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Analog Devices presently has a consensus rating of “Buy” and an average price target of $89.92.
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In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total transaction of $240,840.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,638,033.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 47,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total value of $4,108,750.00. Following the sale, the chief executive officer now directly owns 61,484 shares of the company’s stock, valued at $5,318,366. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock valued at $5,202,514 over the last ninety days. 1.10% of the stock is owned by insiders.
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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