Somewhat Positive Press Coverage Somewhat Unlikely to Impact Analog Devices (ADI) Share Price
Headlines about Analog Devices (NASDAQ:ADI) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Analog Devices earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.2471863466015 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Analog Devices, Inc. (ADI) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Recent Institutional Activity: Analog Devices, Inc. (ADI), Frontier Communications Corporation (FTR) – Market Movers (financialqz.com)
- Analog Devices, Inc. (ADI) Given New $113.00 Price Target at B. Riley (topix.com)
- KeyCorp Reiterates “Buy” Rating for Analog Devices, Inc. (ADI) (americanbankingnews.com)
- Research Analysts Issue Forecasts for Analog Devices, Inc.’s FY2020 Earnings (ADI) (americanbankingnews.com)
Analog Devices (NASDAQ:ADI) traded up $0.50 during trading hours on Friday, hitting $89.15. The stock had a trading volume of 1,620,000 shares, compared to its average volume of 2,405,931. Analog Devices has a fifty-two week low of $68.42 and a fifty-two week high of $93.99. The company has a market capitalization of $32,863.90, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.52 and a current ratio of 1.47.
Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. analysts forecast that Analog Devices will post 5.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. Analog Devices’s dividend payout ratio is currently 86.96%.
ADI has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price target on shares of Analog Devices in a research report on Friday, August 4th. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. B. Riley reaffirmed a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research report on Sunday, August 27th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $97.00 target price on shares of Analog Devices in a report on Monday, September 25th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $96.04.
In other Analog Devices news, SVP Gregory N. Henderson sold 6,396 shares of Analog Devices stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.34, for a total value of $539,438.64. Following the transaction, the senior vice president now owns 10,327 shares in the company, valued at $870,979.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 132,994 shares of company stock worth $11,370,618. Insiders own 1.10% of the company’s stock.
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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.
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