Analog Devices, Inc. (NASDAQ:ADI)‘s stock had its “buy” rating reissued by equities research analysts at Credit Suisse Group AG in a report released on Friday. They currently have a $100.00 target price on the semiconductor company’s stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 20.76% from the stock’s current price.

Several other research firms have also issued reports on ADI. Zacks Investment Research upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Tuesday, February 7th. Royal Bank of Canada lifted their target price on shares of Analog Devices from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Stephens upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Jefferies Group LLC lifted their target price on shares of Analog Devices to $100.00 and gave the company a “buy” rating in a report on Monday, March 20th. Finally, Pacific Crest lifted their target price on shares of Analog Devices to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 7th. Eight investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $84.32.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

Analog Devices (NASDAQ:ADI) opened at 82.81 on Friday. The company’s 50-day moving average price is $78.65 and its 200-day moving average price is $76.59. Analog Devices has a 1-year low of $52.17 and a 1-year high of $84.24. The firm has a market capitalization of $25.61 billion, a P/E ratio of 28.24 and a beta of 1.19.

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In other news, Director James Champy sold 1,850 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $83.23, for a total transaction of $153,975.50. Following the completion of the sale, the director now owns 15,185 shares of the company’s stock, valued at approximately $1,263,847.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 47,400 shares of the business’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $81.80, for a total transaction of $3,877,320.00. Following the sale, the chief executive officer now directly owns 75,481 shares of the company’s stock, valued at approximately $6,174,345.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,695 shares of company stock valued at $11,551,098. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ADI. New England Research & Management increased its position in shares of Analog Devices by 24.1% in the fourth quarter. New England Research & Management now owns 30,300 shares of the semiconductor company’s stock valued at $1,676,000 after buying an additional 5,875 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Analog Devices by 0.3% in the fourth quarter. Ballentine Partners LLC now owns 7,347 shares of the semiconductor company’s stock valued at $406,000 after buying an additional 20 shares in the last quarter. Daiwa SB Investments increased its position in shares of Analog Devices by 564.6% in the fourth quarter. Daiwa SB Investments now owns 157,854 shares of the semiconductor company’s stock valued at $8,732,000 after buying an additional 134,104 shares in the last quarter. Park National increased its position in shares of Analog Devices by 8.6% in the fourth quarter. Park National now owns 5,808 shares of the semiconductor company’s stock valued at $321,000 after buying an additional 458 shares in the last quarter. Finally, Honeywell International Inc. increased its position in shares of Analog Devices by 27.1% in the fourth quarter. Honeywell International Inc. now owns 127,100 shares of the semiconductor company’s stock valued at $7,031,000 after buying an additional 27,100 shares in the last quarter. 90.38% of the stock is owned by institutional investors.

About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

12 Month Chart for NASDAQ:ADI

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