Several other research firms also recently weighed in on ADI. ValuEngine upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. BidaskClub upgraded shares of Analog Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research downgraded shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. Piper Jaffray Companies reiterated an “outperform” rating and issued a $112.00 target price on shares of Analog Devices in a research note on Friday, February 1st. Finally, Evercore ISI reduced their target price on shares of Analog Devices from $105.00 to $96.00 in a research note on Monday, January 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $99.55.
NASDAQ ADI opened at $100.73 on Monday. Analog Devices has a 52-week low of $76.62 and a 52-week high of $103.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.50 and a quick ratio of 1.08. The stock has a market cap of $37.20 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.50 and a beta of 1.24.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Analog Devices had a net margin of 24.12% and a return on equity of 20.88%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Analog Devices will post 5.42 EPS for the current year.
In other Analog Devices news, SVP Prashanth Mahendra-Rajah sold 2,700 shares of Analog Devices stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $90.33, for a total transaction of $243,891.00. Following the completion of the sale, the senior vice president now directly owns 2,556 shares in the company, valued at $230,883.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory N. Henderson sold 5,003 shares of Analog Devices stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $84.03, for a total transaction of $420,402.09. Following the sale, the senior vice president now owns 5,389 shares of the company’s stock, valued at $452,837.67. The disclosure for this sale can be found here. Insiders sold 35,803 shares of company stock valued at $3,264,080 over the last 90 days. 0.50% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in ADI. Legacy Financial Advisors Inc. raised its stake in shares of Analog Devices by 9,766.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 293 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Analog Devices during the fourth quarter worth approximately $35,000. Oregon Public Employees Retirement Fund raised its stake in shares of Analog Devices by 8,439.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,472,596 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 3,431,930 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of Analog Devices during the fourth quarter worth approximately $40,000. Finally, Athena Capital Advisors LLC purchased a new position in shares of Analog Devices during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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