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Equities researchers at RBC Capital upped their price target on shares of Analog Devices (NYSE:ADI) from $46.00 to $50.00 in a research report issued on Wednesday, AnalystRatings.NET reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential downside of 3.04% from the stock’s previous close.

Analog Devices (NYSE:ADI) traded up 0.66% during mid-day trading on Wednesday, hitting $51.57. The stock had a trading volume of 4,081,149 shares. Analog Devices has a one year low of $41.81 and a one year high of $52.38. The stock has a 50-day moving average of $49.32 and a 200-day moving average of $48.60. The company has a market cap of $16.041 billion and a price-to-earnings ratio of 23.94.

Analog Devices (NYSE:ADI) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.01. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $628.87 million. Analysts expect that Analog Devices will post $2.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 11th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Analog Devices’s previous quarterly dividend of $0.34.

ADI has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Analog Devices from $45.00 to $49.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Analog Devices from $52.00 to $54.00 in a research note on Wednesday. Finally, analysts at BMO Capital Markets raised their price target on shares of Analog Devices from $47.00 to $51.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.15.

Analog Devices, Inc (NYSE:ADI) is engaged in the design, manufacture and marketing of a range of analog, mixed-signal and digital signal processing integrated circuits (ICs).

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