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Stock analysts at BMO Capital Markets boosted their price target on shares of Analog Devices (NYSE:ADI) from $47.00 to $51.00 in a report issued on Wednesday, Stock Ratings News reports. BMO Capital Markets’ price target points to a potential downside of 1.11% from the stock’s previous close.

Shares of Analog Devices (NYSE:ADI) traded up 0.66% on Wednesday, hitting $51.57. The stock had a trading volume of 4,081,149 shares. Analog Devices has a 1-year low of $41.81 and a 1-year high of $52.38. The stock’s 50-day moving average is $49.32 and its 200-day moving average is $48.60. The company has a market cap of $16.041 billion and a P/E ratio of 23.94.

Analog Devices (NYSE:ADI) last released its earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, February 26th. This is a boost from Analog Devices’s previous quarterly dividend of $0.34.

A number of other firms have also recently commented on ADI. 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. Separately, analysts at Canaccord Genuity raised their price target on shares of Analog Devices from $55.00 to $60.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Analog Devices from $58.00 to $60.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Analog Devices has an average rating of “Hold” and a consensus target price 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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