Analog Devices, Inc. (NASDAQ:ADI) has received a consensus rating of “Buy” from the twenty-nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $97.21.

A number of equities analysts have recently issued reports on ADI shares. Jefferies Group reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, October 19th. Oppenheimer reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $97.00 price target on shares of Analog Devices in a report on Monday, September 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, January 4th.

In other Analog Devices news, SVP Yusuf Jamal sold 718 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total transaction of $65,259.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.70, for a total transaction of $917,000.00. Following the sale, the director now directly owns 179,481 shares in the company, valued at $16,458,407.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,566 shares of company stock worth $15,473,748. 1.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. boosted its position in shares of Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. WFG Advisors LP boosted its position in shares of Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC boosted its position in shares of Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC boosted its position in shares of Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in shares of Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 600 shares during the last quarter. 87.08% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices (ADI) opened at $92.02 on Monday. The company has a market cap of $33,920.00, a price-to-earnings ratio of 46.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices has a 12-month low of $71.85 and a 12-month high of $93.99.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business’s revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. sell-side analysts expect that Analog Devices will post 5.2 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Analog Devices, Inc. (ADI) Given Average Recommendation of “Buy” by Analysts” was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2018/01/15/analog-devices-inc-adi-given-average-recommendation-of-buy-by-analysts.html.

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)

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.