Analog Devices (NASDAQ:ADI) was upgraded by research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $105.00 price objective on the semiconductor company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 18.76% from the stock’s previous close.
ADI has been the topic of several other reports. Stifel Nicolaus raised their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. B. Riley reissued a “buy” rating and issued a $113.00 price objective (up from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Piper Jaffray Companies raised Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research report on Tuesday, February 13th. Finally, Oppenheimer reissued a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the stock. Analog Devices currently has an average rating of “Buy” and a consensus price target of $97.52.
Analog Devices (NASDAQ ADI) opened at $88.41 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. Analog Devices has a 52-week low of $74.65 and a 52-week high of $98.38. The firm has a market capitalization of $32,950.00, a price-to-earnings ratio of 44.65, a P/E/G ratio of 1.59 and a beta of 1.27.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $1.05 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. analysts predict that Analog Devices will post 5.2 earnings per share for the current fiscal year.
In related news, Director Ray Stata sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.70, for a total value of $917,000.00. Following the completion of the transaction, the director now directly owns 179,481 shares in the company, valued at $16,458,407.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,805,754. The disclosure for this sale can be found here. Insiders sold 180,963 shares of company stock valued at $15,703,697 over the last quarter. Insiders own 0.70% of the company’s stock.
A number of large investors have recently bought and sold shares of ADI. Neuberger Berman Group LLC grew its stake in Analog Devices by 97.4% in the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after purchasing an additional 2,123,268 shares in the last quarter. Sterling Capital Management LLC acquired a new position in Analog Devices in the fourth quarter worth about $87,511,000. Boston Partners acquired a new position in Analog Devices in the fourth quarter worth about $67,877,000. American Century Companies Inc. grew its stake in Analog Devices by 69.9% in the fourth quarter. American Century Companies Inc. now owns 1,683,434 shares of the semiconductor company’s stock worth $149,876,000 after purchasing an additional 692,814 shares in the last quarter. Finally, Alkeon Capital Management LLC grew its stake in Analog Devices by 25.1% in the third quarter. Alkeon Capital Management LLC now owns 2,526,537 shares of the semiconductor company’s stock worth $217,712,000 after purchasing an additional 507,000 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
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Analog Devices Company Profile
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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