Analog Devices, Inc. (NASDAQ:ADI) Receives Consensus Rating of “Buy” from Brokerages


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Shares of Analog Devices, Inc. (NASDAQ:ADI) have received an average rating of “Buy” from the twenty-six research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $157.92.

Several equities research analysts have issued reports on ADI shares. Piper Sandler increased their price target on Analog Devices from $150.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, February 25th. Raymond James raised their price target on Analog Devices from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Royal Bank of Canada raised their price objective on Analog Devices from $174.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, February 16th. Barclays raised their price objective on Analog Devices from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 26th. They noted that the move was a valuation call. Finally, KeyCorp raised their price objective on Analog Devices from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, January 6th.

Shares of Analog Devices stock traded up $0.41 during trading hours on Thursday, hitting $151.73. The company’s stock had a trading volume of 133,143 shares, compared to its average volume of 3,011,890. Analog Devices has a 12 month low of $100.09 and a 12 month high of $164.40. The stock has a 50 day moving average of $156.71 and a 200 day moving average of $147.51. The company has a market capitalization of $55.97 billion, a PE ratio of 46.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 1.40.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $1.03 earnings per share. Equities analysts expect that Analog Devices will post 5.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Friday, February 26th were paid a $0.69 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, February 25th. This represents a $2.76 annualized dividend and a dividend yield of 1.82%. Analog Devices’s dividend payout ratio (DPR) is presently 56.21%.

In related news, CAO Michael Sondel sold 2,210 shares of the business’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $163.79, for a total transaction of $361,975.90. Also, SVP Gregory N. Henderson sold 14,557 shares of Analog Devices stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $154.60, for a total value of $2,250,512.20. Following the transaction, the senior vice president now directly owns 8,910 shares in the company, valued at $1,377,486. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,396 shares of company stock worth $8,385,638. Corporate insiders own 0.42% of the company’s stock.

Several large investors have recently made changes to their positions in ADI. CVA Family Office LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at about $26,000. Key Financial Inc bought a new stake in Analog Devices during the 4th quarter worth approximately $28,000. Diversified LLC bought a new stake in Analog Devices during the 4th quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Analog Devices in the first quarter valued at approximately $30,000. Finally, Duncker Streett & Co. Inc. bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $38,000. 91.90% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company 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 and microwave ICs to support cellular infrastructure.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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