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Analysts at Barclays upped their price target on shares of Analog Devices (NYSE:ADI) from $45.00 to $49.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would suggest a potential downside of 4.98% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $50.00 to $55.00 in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.15.

Shares of 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 52 week low of $41.81 and a 52 week 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. On average, analysts predict that Analog Devices will post $2.25 earnings per share for the current fiscal year.

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

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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