Analog Devices, Inc. (NASDAQ:ADI) has been given a consensus rating of “Buy” by the thirty-one analysts that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $93.65.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 target price on shares of Analog Devices in a report on Friday, August 4th. B. Riley restated a “buy” rating and issued a $110.00 target price on shares of Analog Devices in a report on Sunday, August 27th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Stifel Nicolaus restated a “buy” rating and issued a $97.00 target price on shares of Analog Devices in a report on Monday, September 25th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a report on Monday, July 10th.

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In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares in the company, valued at $1,587,635.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Champy sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the transaction, the director now owns 21,910 shares of the company’s stock, valued at approximately $1,971,900. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,994 shares of company stock valued at $11,604,048. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ADI. Pathstone Family Office LLC increased its holdings in shares of Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 15 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Analog Devices by 0.6% during the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock worth $367,000 after buying an additional 30 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Analog Devices by 1.4% during the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock worth $184,000 after buying an additional 32 shares in the last quarter. Osborn Williams & Donohoe LLC increased its holdings in shares of Analog Devices by 1.2% during the second quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock worth $220,000 after buying an additional 34 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its holdings in shares of Analog Devices by 0.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock worth $812,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analog Devices (NASDAQ ADI) opened at 91.30 on Wednesday. Analog Devices has a 52-week low of $62.50 and a 52-week high of $91.96. The stock has a market cap of $33.57 billion, a P/E ratio of 45.45 and a beta of 1.30. The firm’s 50-day moving average price is $87.02 and its 200 day moving average price is $81.50.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. Equities analysts predict that Analog Devices will post $4.62 earnings per share for the current year.

Analog Devices Company Profile

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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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