Analog Devices, Inc. (NASDAQ:ADI)‘s stock had its “buy” rating restated by investment analysts at KeyCorp in a report released on Friday. They presently have a $107.00 price target on the semiconductor company’s stock. KeyCorp’s price target suggests a potential upside of 20.70% from the company’s current price. KeyCorp also issued estimates for Analog Devices’ Q1 2018 earnings at $1.28 EPS, Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.37 EPS, Q4 2018 earnings at $1.37 EPS and Q1 2019 earnings at $1.30 EPS.

A number of other research firms have also recently commented on ADI. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Friday, November 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $103.00 price objective (up from $98.00) on shares of Analog Devices in a research report on Wednesday. B. Riley boosted their target price on shares of Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Jefferies Group LLC boosted their target price on shares of Analog Devices to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $96.04.

Analog Devices (ADI) opened at $88.65 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.52 and a debt-to-equity ratio of 0.74. Analog Devices has a 52-week low of $68.42 and a 52-week high of $93.99. The company has a market cap of $32,679.56, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities analysts predict that Analog Devices will post 5.11 EPS for the current year.

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In related news, Director James Champy sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the completion of the sale, the director now owns 20,185 shares of the company’s stock, valued at $1,715,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 25,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the sale, the director now directly owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold 132,994 shares of company stock valued at $11,370,618 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ADI. Franklin Resources Inc. raised its stake in Analog Devices by 54.1% during the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after acquiring an additional 3,248,336 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Analog Devices by 97.4% during the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after acquiring an additional 2,123,268 shares in the last quarter. Janus Henderson Group PLC raised its stake in Analog Devices by 576.1% during the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock worth $138,903,000 after acquiring an additional 1,521,316 shares in the last quarter. BlackRock Inc. raised its stake in Analog Devices by 6.2% during the second quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after acquiring an additional 1,437,338 shares in the last quarter. Finally, Prudential PLC raised its stake in Analog Devices by 23,301.9% during the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock worth $101,466,000 after acquiring an additional 1,298,616 shares in the last quarter. 87.44% of the stock is 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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