Analog Devices, Inc. (ADI) Receives Average Rating of “Buy” from Analysts
Shares of Analog Devices, Inc. (NASDAQ:ADI) have been given a consensus rating of “Buy” by the thirty-one analysts that are covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $93.65.
ADI has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 price target on shares of Analog Devices in a report on Friday, August 4th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. B. Riley reiterated a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a report on Thursday, August 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $100.00 price target (up from $96.00) on shares of Analog Devices in a report on Tuesday, August 29th.
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Shares of Analog Devices (NASDAQ ADI) traded up $0.47 on Wednesday, reaching $92.28. The company’s stock had a trading volume of 1,205,390 shares, compared to its average volume of 1,760,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.99 and a quick ratio of 1.52. The firm has a market cap of $33,970.00, a P/E ratio of 21.45, a PEG ratio of 1.78 and a beta of 1.32. Analog Devices has a 52 week low of $62.50 and a 52 week high of $92.96.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. Analog Devices’s revenue was up 64.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. research analysts anticipate that Analog Devices will post 4.6 earnings per share for the current year.
In other news, SVP Gregory N. Henderson sold 6,396 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.34, for a total value of $539,438.64. Following the sale, the senior vice president now owns 10,327 shares in the company, valued at approximately $870,979.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the completion of the sale, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Analog Devices by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock valued at $2,260,331,000 after purchasing an additional 847,762 shares in the last quarter. BlackRock Inc. raised its stake in shares of Analog Devices by 6.2% in the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after purchasing an additional 1,437,338 shares in the last quarter. State Street Corp raised its stake in Analog Devices by 20.0% during the first quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after acquiring an additional 2,493,568 shares during the period. Franklin Resources Inc. raised its stake in Analog Devices by 54.1% during the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after acquiring an additional 3,248,336 shares during the period. Finally, FMR LLC raised its stake in Analog Devices by 14.6% during the second quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock worth $691,608,000 after acquiring an additional 1,132,549 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.
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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