Several other research firms also recently commented on ADI. Royal Bank of Canada reduced their price objective on Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. SunTrust Banks reduced their price objective on Analog Devices to $122.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. ValuEngine raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Goldman Sachs Group raised Analog Devices from a “sell” rating to a “buy” rating and upped their price objective for the company from $101.00 to $114.00 in a research note on Monday, June 10th. Finally, BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Analog Devices presently has a consensus rating of “Buy” and an average price target of $110.11.
Shares of NASDAQ ADI opened at $115.04 on Thursday. The stock’s 50-day moving average is $112.06 and its two-hundred day moving average is $109.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. Analog Devices has a 1-year low of $76.62 and a 1-year high of $124.79. The company has a market cap of $41.69 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. Equities research analysts anticipate that Analog Devices will post 5.2 earnings per share for the current fiscal year.
In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $92.34, for a total value of $923,400.00. Following the completion of the transaction, the chief executive officer now directly owns 351,335 shares of the company’s stock, valued at approximately $32,442,273.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steve Pietkiewicz sold 7,219 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $113.03, for a total value of $815,963.57. Following the completion of the transaction, the senior vice president now directly owns 29,870 shares of the company’s stock, valued at $3,376,206.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,862 shares of company stock valued at $7,978,717. Company insiders own 0.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. increased its stake in Analog Devices by 0.3% in the 4th quarter. Sunbelt Securities Inc. now owns 3,591 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Analog Devices by 0.3% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 11 shares during the last quarter. Pathstone Family Office LLC grew its holdings in Analog Devices by 75.0% during the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 15 shares during the last quarter. Asset Management Group Inc. boosted its holdings in shares of Analog Devices by 0.6% during the fourth quarter. Asset Management Group Inc. now owns 3,299 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 19 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Analog Devices by 0.3% in the fourth quarter. Ballentine Partners LLC now owns 7,347 shares of the semiconductor company’s stock valued at $406,000 after acquiring an additional 20 shares during the last quarter. 87.52% of the stock is owned by hedge funds and other institutional investors.
About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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