Media stories about Analog Devices (NASDAQ:ADI) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Analog Devices earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 47.2839077357557 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
ADI has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on Analog Devices from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Tuesday, February 20th. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Piper Jaffray raised Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, March 5th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and an average target price of $100.79.
Shares of ADI opened at $88.31 on Friday. The company has a market cap of $33,629.94, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. Analog Devices has a twelve month low of $74.65 and a twelve month high of $98.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The business’s quarterly revenue was up 54.4% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. sell-side analysts expect that Analog Devices will post 5.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th were paid a dividend of $0.48 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, March 8th. Analog Devices’s dividend payout ratio (DPR) is currently 40.68%.
In other news, Director Kenton J. Sicchitano sold 7,500 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $91.45, for a total value of $685,875.00. Following the completion of the sale, the director now owns 25,285 shares of the company’s stock, valued at approximately $2,312,313.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $91.25, for a total value of $912,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 59,164 shares of company stock valued at $5,363,713. 1.10% of the stock is currently owned by insiders.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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