Barclays reiterated their buy rating on shares of Analog Devices (NASDAQ:ADI) in a research report released on Sunday, AnalystRatings.com reports. Barclays currently has a $135.00 target price on the semiconductor company’s stock.
Several other equities analysts also recently weighed in on the company. Nomura raised their price objective on Analog Devices from $90.00 to $100.00 and gave the company a neutral rating in a research note on Wednesday, November 27th. Credit Suisse Group increased their target price on Analog Devices from $120.00 to $130.00 and gave the company an outperform rating in a report on Wednesday, November 27th. Piper Jaffray Companies reiterated a buy rating and set a $135.00 target price on shares of Analog Devices in a report on Wednesday, November 27th. SunTrust Banks reiterated a buy rating and set a $133.00 target price on shares of Analog Devices in a report on Wednesday, November 27th. Finally, Loop Capital increased their target price on Analog Devices from $125.00 to $130.00 and gave the company a positive rating in a report on Friday, November 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $120.89.
NASDAQ ADI opened at $120.42 on Friday. Analog Devices has a 1-year low of $87.77 and a 1-year high of $124.79. The company has a market capitalization of $43.94 billion, a P/E ratio of 23.21, a PEG ratio of 2.01 and a beta of 1.42. The business has a 50 day moving average price of $118.44 and a 200 day moving average price of $113.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.91.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). Analog Devices had a net margin of 22.75% and a return on equity of 16.39%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, research analysts expect that Analog Devices will post 4.78 earnings per share for the current fiscal year.
In other news, Director Neil S. Novich sold 25,760 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $118.39, for a total transaction of $3,049,726.40. Following the sale, the director now owns 34,555 shares in the company, valued at $4,090,966.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenton J. Sicchitano sold 11,860 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $120.96, for a total value of $1,434,585.60. Following the sale, the director now owns 34,255 shares in the company, valued at approximately $4,143,484.80. The disclosure for this sale can be found here. Insiders have sold 104,320 shares of company stock worth $12,275,687 in the last 90 days. Insiders own 0.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Savior LLC acquired a new position in Analog Devices in the fourth quarter valued at $27,000. Simon Quick Advisors LLC acquired a new position in Analog Devices in the fourth quarter valued at $28,000. Assetmark Inc. boosted its holdings in Analog Devices by 120.6% in the second quarter. Assetmark Inc. now owns 289 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 158 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Analog Devices by 34.4% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 288,628 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 73,807 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in Analog Devices by 150.0% in the third quarter. Webster Bank N. A. now owns 340 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.
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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