BidaskClub upgraded shares of Analog Devices (NASDAQ:ADI) from a hold rating to a buy rating in a report published on Saturday, January 20th.
Several other research analysts have also recently weighed in on ADI. Jefferies Group restated a buy rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. Oppenheimer restated a buy rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Analog Devices from a hold rating to a buy rating and set a $98.00 target price for the company in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a buy rating and set a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. Finally, Royal Bank of Canada reiterated a buy rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $97.21.
Shares of Analog Devices (NASDAQ ADI) opened at $85.05 on Friday. Analog Devices has a 1 year low of $74.65 and a 1 year high of $98.38. The firm has a market capitalization of $31,350.00, a PE ratio of 42.95, a P/E/G ratio of 1.55 and a beta of 1.27. 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 (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. analysts anticipate that Analog Devices will post 5.2 EPS for the current year.
In related news, CEO Vincent Roche sold 100,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $88.50, for a total transaction of $619,500.00. Following the sale, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,805,754. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,061 shares of company stock worth $16,163,741. Insiders own 0.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. ZWJ Investment Counsel Inc. boosted its stake in shares of Analog Devices by 56.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 2,970 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Analog Devices by 1.4% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock valued at $27,636,000 after purchasing an additional 4,416 shares during the period. Renaissance Technologies LLC grew its holdings in Analog Devices by 4.5% during the second quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after acquiring an additional 94,804 shares during the period. Toronto Dominion Bank grew its holdings in Analog Devices by 25.4% during the second quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock worth $10,021,000 after acquiring an additional 26,076 shares during the period. Finally, Page Arthur B grew its holdings in Analog Devices by 5.2% during the third quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock worth $2,480,000 after acquiring an additional 1,410 shares during the period. Institutional investors and hedge funds own 85.80% 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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