Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Analog Devices, Inc. (NASDAQ:ADIGet Rating) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $196.12.

A number of equities research analysts have recently commented on ADI shares. Oppenheimer reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Analog Devices in a report on Friday, August 12th. Bank of America cut their price target on shares of Analog Devices from $220.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. Needham & Company LLC cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Morgan Stanley cut their price target on shares of Analog Devices from $186.00 to $173.00 and set an “equal weight” rating for the company in a report on Friday, June 10th. Finally, Sanford C. Bernstein increased their price target on shares of Analog Devices to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 19th.

Analog Devices Stock Performance

NASDAQ ADI opened at $154.18 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.92 and a quick ratio of 1.43. Analog Devices has a 1 year low of $138.50 and a 1 year high of $191.95. The company has a market capitalization of $79.30 billion, a PE ratio of 42.59, a P/E/G ratio of 1.32 and a beta of 1.16. The company has a fifty day moving average of $161.47 and a two-hundred day moving average of $159.00.

Analog Devices (NASDAQ:ADIGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The semiconductor company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. Analog Devices had a net margin of 17.00% and a return on equity of 11.92%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Analog Devices’s revenue for the quarter was up 76.8% on a year-over-year basis. As a group, analysts expect that Analog Devices will post 9.42 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Tuesday, August 30th were issued a $0.76 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $3.04 dividend on an annualized basis and a yield of 1.97%. Analog Devices’s dividend payout ratio (DPR) is presently 83.98%.

Insider Activity

In other news, SVP Vivek Jain sold 14,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $165.63, for a total value of $2,318,820.00. Following the sale, the senior vice president now directly owns 18,271 shares in the company, valued at $3,026,225.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Vivek Jain sold 14,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $165.63, for a total value of $2,318,820.00. Following the sale, the senior vice president now directly owns 18,271 shares in the company, valued at $3,026,225.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Evans purchased 3,650 shares of the stock in a transaction dated Friday, June 17th. The stock was acquired at an average price of $144.16 per share, for a total transaction of $526,184.00. Following the completion of the transaction, the director now directly owns 104,008 shares of the company’s stock, valued at $14,993,793.28. The disclosure for this purchase can be found here. Insiders have sold 51,700 shares of company stock worth $8,827,200 over the last ninety days. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Analog Devices

A number of hedge funds have recently bought and sold shares of ADI. B. Riley Wealth Management Inc. acquired a new position in shares of Analog Devices in the 2nd quarter valued at $783,000. Raleigh Capital Management Inc. boosted its holdings in shares of Analog Devices by 12.0% in the 2nd quarter. Raleigh Capital Management Inc. now owns 1,536 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 165 shares during the last quarter. M&G Investment Management Ltd. boosted its holdings in shares of Analog Devices by 13.6% in the 2nd quarter. M&G Investment Management Ltd. now owns 1,634,949 shares of the semiconductor company’s stock valued at $238,703,000 after purchasing an additional 196,300 shares during the last quarter. Prelude Capital Management LLC acquired a new position in shares of Analog Devices in the 2nd quarter valued at $796,000. Finally, Schmidt P J Investment Management Inc. boosted its holdings in shares of Analog Devices by 3.1% in the 2nd quarter. Schmidt P J Investment Management Inc. now owns 33,862 shares of the semiconductor company’s stock valued at $5,567,000 after purchasing an additional 1,012 shares during the last quarter. Institutional investors and hedge funds own 85.22% of the company’s stock.

Analog Devices Company Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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