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Analog Devices (NYSE:ADI)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a note issued to investors on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at B. Riley reiterated a “buy” rating on shares of Analog Devices in a research note on Wednesday, July 30th. They now have a $62.00 price target on the stock, up previously from $58.00. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating and a $66.00 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.26.

Shares of Analog Devices (NYSE:ADI) opened at 52.21 on Wednesday. Analog Devices has a 52 week low of $45.28 and a 52 week high of $56.18. The stock’s 50-day moving average is $51.79 and its 200-day moving average is $52.25. The company has a market cap of $16.402 billion and a P/E ratio of 23.00.

Analog Devices (NYSE:ADI) last announced its earnings results on Tuesday, August 26th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $728.00 million for the quarter, compared to the consensus estimate of $716.32 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Analog Devices will post $2.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Friday, September 5th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.83%.

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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