Analog Devices, Inc. (NASDAQ:ADI)‘s stock had its “buy” rating reissued by research analysts at Drexel Hamilton in a research report issued on Tuesday. They presently have a $105.00 price target on the semiconductor company’s stock. Drexel Hamilton’s target price would indicate a potential upside of 12.82% from the stock’s previous close.

A number of other research firms also recently issued reports on ADI. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 target price on shares of Analog Devices in a research report on Friday, August 4th. B. Riley reissued a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research note on Thursday, November 16th. Stifel Nicolaus lifted their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. BidaskClub lowered Analog Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research note on Friday. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $93.69.

Shares of Analog Devices (ADI) traded up $2.65 on Tuesday, hitting $93.07. The company had a trading volume of 6,527,700 shares, compared to its average volume of 2,942,775. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $34,080.00, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32. Analog Devices has a one year low of $68.42 and a one year high of $93.99.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Monday, November 20th. The semiconductor company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. Analog Devices’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. sell-side analysts anticipate that Analog Devices will post 4.62 EPS for the current year.

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In related news, Director James Champy sold 12,500 shares of the business’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 in the company, valued at approximately $1,971,900. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,994 shares of company stock worth $11,370,618. 1.10% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Financial Group Inc. bought a new stake in Analog Devices during the 2nd quarter valued at approximately $119,000. WFG Advisors LP boosted its position in Analog Devices by 26.4% during the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 330 shares in the last quarter. Fieldpoint Private Securities LLC boosted its position in shares of Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares in the last quarter. Clear Perspective Advisors LLC boosted its position in shares of Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in shares of Analog Devices by 64.4% in the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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