Analog Devices, Inc. (NASDAQ:ADI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been assigned a consensus rating of “Moderate Buy” from the thirty-three brokerages that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $281.8696.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $280.00 target price on shares of Analog Devices in a research report on Friday, November 21st. Bank of America upped their price target on shares of Analog Devices from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays raised their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Analog Devices in a report on Tuesday. Finally, KeyCorp increased their target price on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the sale, the chief executive officer directly owned 163,640 shares in the company, valued at $38,447,218. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,750 shares of company stock worth $9,598,496 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Analog Devices

Several institutional investors and hedge funds have recently bought and sold shares of ADI. Quent Capital LLC increased its holdings in shares of Analog Devices by 2.4% in the third quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 42 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 43 shares during the period. Carson Advisory Inc. grew its position in Analog Devices by 3.1% during the third quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock worth $354,000 after buying an additional 43 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Analog Devices by 2.5% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 44 shares during the last quarter. Finally, Klingman & Associates LLC increased its stake in Analog Devices by 3.7% in the 3rd quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock worth $313,000 after acquiring an additional 45 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $265.52 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $239.64 and a two-hundred day simple moving average of $236.21. Analog Devices has a 1-year low of $158.65 and a 1-year high of $265.75. The firm has a market cap of $130.62 billion, a price-to-earnings ratio of 67.73, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts anticipate that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be paid a $0.99 dividend. The ex-dividend date is Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.5%. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.