Piper Jaffray Companies assumed coverage on shares of Analog Devices (NASDAQ:ADI) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued a neutral rating and a $92.00 target price on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on the company. BidaskClub cut Analog Devices from a hold rating to a sell rating in a report on Thursday, December 14th. Morgan Stanley increased their price objective on shares of Analog Devices from $103.00 to $108.00 and gave the stock an overweight rating in a research note on Wednesday, December 13th. KeyCorp restated a buy rating and set a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Stifel Nicolaus reduced their price objective on shares of Analog Devices from $100.00 to $98.00 and set a buy rating for the company in a research note on Wednesday, November 22nd. Finally, Jefferies Group increased their price objective on shares of Analog Devices to $110.00 and gave the stock a buy rating in a research note on Wednesday, November 22nd. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices presently has an average rating of Buy and a consensus target price of $96.52.

Analog Devices (NASDAQ:ADI) opened at $88.65 on Monday. The stock has a market capitalization of $32,421.52, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices has a 1-year low of $71.00 and a 1-year high of $93.99.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. equities analysts forecast that Analog Devices will post 5.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.03%. Analog Devices’s dividend payout ratio (DPR) is currently 86.96%.

In related news, Director Kenton J. Sicchitano sold 15,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $88.15, for a total value of $1,322,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Champy sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total transaction of $435,000.00. The disclosure for this sale can be found here. Insiders sold a total of 173,848 shares of company stock valued at $14,980,459 over the last quarter. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC grew its stake in shares of Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 15 shares during the last quarter. Fieldpoint Private Securities LLC grew its stake in shares of Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares during the last quarter. Clear Perspective Advisors LLC grew its stake in shares of Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Analog Devices during the second quarter worth $119,000. Finally, NEXT Financial Group Inc grew its stake in shares of Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Piper Jaffray Companies Begins Coverage on Analog Devices (ADI)” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/piper-jaffray-companies-begins-coverage-on-analog-devices-adi/1775948.html.

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.

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.