Analog Devices (NASDAQ:ADI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. SunTrust Banks boosted their price target on Analog Devices to $126.00 and gave the company an “average” rating in a research note on Thursday, February 21st. Bank of America upgraded Analog Devices from a “neutral” rating to a “buy” rating and boosted their price target for the company from $96.00 to $125.00 in a research note on Monday, February 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $118.00 price objective on shares of Analog Devices in a research report on Wednesday, February 20th. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Wednesday, February 20th. Finally, BidaskClub cut Analog Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $105.67.

Analog Devices stock opened at $100.83 on Friday. The stock has a market cap of $37.14 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.49 and a beta of 1.27. Analog Devices has a 52-week low of $76.62 and a 52-week high of $118.54. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 EPS. On average, sell-side analysts expect that Analog Devices will post 5.47 earnings per share for the current fiscal year.

In related news, Director James Champy sold 4,250 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $115.04, for a total value of $488,920.00. Following the transaction, the director now directly owns 17,510 shares of the company’s stock, valued at approximately $2,014,350.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.50, for a total value of $1,165,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,120 shares of company stock worth $12,114,745. 0.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Financial Advisors Inc. raised its holdings in shares of Analog Devices by 9,766.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 293 shares in the last quarter. PRW Wealth Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $27,000. Bruderman Asset Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $31,000. Berman Capital Advisors LLC raised its holdings in shares of Analog Devices by 43.8% during the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 91 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $33,000. 91.21% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

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.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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