Analog Devices (NASDAQ:ADI) had its price objective lifted by Piper Jaffray Companies from $118.00 to $135.00 in a research report released on Tuesday morning, The Fly reports. The firm currently has an overweight rating on the semiconductor company’s stock.

Several other research analysts also recently weighed in on ADI. ValuEngine downgraded shares of Virtu Financial from a hold rating to a sell rating in a research report on Tuesday, June 18th. SunTrust Banks reduced their price target on shares of Analog Devices to $122.00 and set a buy rating for the company in a research report on Thursday, May 23rd. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a research report on Wednesday, May 29th. Morgan Stanley set a $123.00 price target on shares of Lowe’s Companies and gave the stock a buy rating in a research report on Thursday, May 23rd. Finally, Nomura reduced their price target on shares of Micron Technology from $45.00 to $32.00 and set a neutral rating for the company in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $109.94.

Shares of Analog Devices stock opened at $116.20 on Tuesday. The stock has a 50-day moving average price of $106.72. The firm has a market capitalization of $42.97 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.75 and a beta of 1.43. Analog Devices has a fifty-two week low of $76.62 and a fifty-two week high of $118.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.52.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.06. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a net margin of 25.18% and a return on equity of 19.17%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. As a group, sell-side analysts expect that Analog Devices will post 5.24 earnings per share for the current fiscal year.

In other Analog Devices news, SVP Yusuf Jamal sold 31,867 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $98.19, for a total value of $3,129,020.73. Following the completion of the sale, the senior vice president now owns 2,124 shares in the company, valued at approximately $208,555.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.50, for a total transaction of $1,165,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,256 shares of company stock valued at $10,476,068. 0.50% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Tlwm purchased a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $423,000. CENTRAL TRUST Co grew its stake in shares of Analog Devices by 119.9% in the 2nd quarter. CENTRAL TRUST Co now owns 6,113 shares of the semiconductor company’s stock valued at $696,000 after buying an additional 3,333 shares during the period. Smith Salley & Associates grew its stake in shares of Analog Devices by 4.4% in the 2nd quarter. Smith Salley & Associates now owns 72,895 shares of the semiconductor company’s stock valued at $8,228,000 after buying an additional 3,100 shares during the period. Lenox Wealth Advisors LLC purchased a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $28,000. Finally, NN Investment Partners Holdings N.V. grew its stake in shares of Analog Devices by 6.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 62,763 shares of the semiconductor company’s stock valued at $7,083,000 after buying an additional 3,837 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

Featured Story: The risks of owning bonds

The Fly

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.