Analog Devices, Inc. (NASDAQ:ADI) has earned an average recommendation of “Hold” from the twenty-five brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $99.68.

Several research firms have commented on ADI. Zacks Investment Research cut Analog Devices from a “hold” rating to a “sell” rating in a report on Monday, November 19th. Stifel Nicolaus raised their price target on Analog Devices from $108.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Summit Insights upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. BMO Capital Markets reiterated a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a research report on Monday, August 20th. Finally, Morgan Stanley reduced their price target on Analog Devices from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 21st.

In other news, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $92.81, for a total transaction of $250,587.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the sale, the chief executive officer now owns 27,376 shares in the company, valued at approximately $2,326,960. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,800 shares of company stock valued at $4,601,096. 1.10% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in shares of Analog Devices during the 2nd quarter valued at about $392,000. Alps Advisors Inc. bought a new position in shares of Analog Devices in the second quarter worth approximately $272,000. Victory Capital Management Inc. lifted its stake in shares of Analog Devices by 11.0% in the second quarter. Victory Capital Management Inc. now owns 40,775 shares of the semiconductor company’s stock worth $3,911,000 after buying an additional 4,025 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Analog Devices by 8.5% in the second quarter. CIBC Private Wealth Group LLC now owns 32,171 shares of the semiconductor company’s stock worth $3,086,000 after buying an additional 2,512 shares in the last quarter. Finally, Barings LLC raised its holdings in shares of Analog Devices by 167.1% during the second quarter. Barings LLC now owns 41,818 shares of the semiconductor company’s stock valued at $4,011,000 after purchasing an additional 26,164 shares during the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.

NASDAQ:ADI opened at $90.44 on Thursday. The firm has a market cap of $33.48 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. Analog Devices has a 1-year low of $76.62 and a 1-year high of $103.59. The company has a current ratio of 1.50, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 20th. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. Analog Devices had a return on equity of 20.88% and a net margin of 24.12%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. Equities research analysts predict that Analog Devices will post 5.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, November 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.12%. Analog Devices’s payout ratio is currently 32.32%.

Analog Devices declared that its board has approved a stock buyback program on Tuesday, August 21st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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