Analog Devices, Inc. (ADI) Given Average Recommendation of “Buy” by Analysts
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.
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.
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.
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