Analog Devices, Inc. (ADI) Given Consensus Rating of “Buy” by Analysts

Shares of Analog Devices, Inc. (NASDAQ:ADI) have received a consensus recommendation of “Buy” from the twenty-nine ratings firms that are currently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $97.21.

ADI has been the topic of several analyst reports. Jefferies Group restated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Thursday, October 19th. SunTrust Banks restated a “buy” rating and set a $106.00 price target on shares of Analog Devices in a research note on Thursday, October 12th. KeyCorp restated a “buy” rating and set a $107.00 price target on shares of Analog Devices in a research note on Friday, November 24th. Stifel Nicolaus dropped their price target on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. Finally, B. Riley raised their target price on shares of Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd.

Analog Devices (NASDAQ ADI) opened at $83.48 on Friday. Analog Devices has a 12 month low of $74.65 and a 12 month high of $98.38. The company has a market cap of $30,480.00, a price-to-earnings ratio of 41.93, a PEG ratio of 1.58 and a beta of 1.27. 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 (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $1.05 EPS. Analog Devices’s quarterly revenue was up 53.4% on a year-over-year basis. research analysts forecast that Analog Devices will post 5.2 earnings per share for the current year.

In other Analog Devices news, SVP Yusuf Jamal sold 718 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total value of $65,259.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jean Philibert sold 5,098 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $90.24, for a total transaction of $460,043.52. Following the completion of the sale, the senior vice president now owns 5,098 shares in the company, valued at $460,043.52. The disclosure for this sale can be found here. Insiders sold a total of 186,061 shares of company stock worth $16,163,741 over the last 90 days. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Analog Devices by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after purchasing an additional 213,714 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Analog Devices by 0.3% during the 3rd quarter. Wells Fargo & Company MN now owns 8,742,697 shares of the semiconductor company’s stock worth $753,358,000 after acquiring an additional 25,092 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Analog Devices by 97.4% during the 3rd 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 during the period. First Eagle Investment Management LLC lifted its holdings in shares of Analog Devices by 13.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 3,654,773 shares of the semiconductor company’s stock worth $314,932,000 after acquiring an additional 439,675 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Analog Devices by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,084,108 shares of the semiconductor company’s stock worth $265,757,000 after acquiring an additional 22,001 shares during the period. Institutional investors own 86.20% of the company’s stock.

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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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