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Analog Devices (NYSE:ADI) has received a consensus rating of “Hold” from the twenty-five analysts that are covering the stock, American Banking and Market News reports. Eleven analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $56.33.

In other Analog Devices news, Director F Grant Saviers sold 17,951 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $54.55, for a total transaction of $979,227.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Analog Devices (NYSE:ADI) traded down 0.80% on Thursday, hitting $53.32. 325,331 shares of the company’s stock traded hands. Analog Devices has a 1-year low of $44.62 and a 1-year high of $56.18. The stock has a 50-day moving average of $53. and a 200-day moving average of $51.40. The company has a market cap of $16.750 billion and a price-to-earnings ratio of 23.80.

Analog Devices (NYSE:ADI) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $694.54 million for the quarter, compared to the consensus estimate of $670.93 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Analog Devices will post $2.36 earnings per share for the current fiscal year.

ADI has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Analog Devices in a research note on Tuesday, June 10th. They now have a $64.00 price target on the stock, up previously from $60.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Analog Devices in a research note on Tuesday, June 10th. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at Argus raised their price target on shares of Analog Devices from $58.00 to $65.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock.

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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