Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been assigned a consensus rating of “Moderate Buy” from the thirty-three research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $287.2174.

Several research analysts have commented on the company. Zacks Research downgraded Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Robert W. Baird upped their price objective on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. BNP Paribas Exane assumed coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $285.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th.

Analog Devices Stock Up 0.3%

NASDAQ ADI opened at $276.73 on Wednesday. The business has a fifty day moving average price of $251.82 and a two-hundred day moving average price of $243.36. The stock has a market capitalization of $135.50 billion, a PE ratio of 60.69, a PEG ratio of 1.52 and a beta of 1.04. Analog Devices has a fifty-two week low of $158.65 and a fifty-two week high of $284.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities analysts expect that Analog Devices will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Insider Buying and Selling

In other news, SVP Martin Cotter sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $271.19, for a total value of $1,355,950.00. Following the sale, the senior vice president directly owned 59,664 shares of the company’s stock, valued at approximately $16,180,280.16. This represents a 7.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the sale, the director owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. This trade represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,419 shares of company stock valued at $10,249,017 over the last three months. Insiders own 0.33% of the company’s stock.

Institutional Trading of Analog Devices

A number of institutional investors have recently bought and sold shares of the company. AIA Group Ltd raised its position in shares of Analog Devices by 126.2% in the 3rd quarter. AIA Group Ltd now owns 12,647 shares of the semiconductor company’s stock worth $3,107,000 after acquiring an additional 7,056 shares in the last quarter. Strategic Investment Advisors MI acquired a new stake in Analog Devices during the third quarter worth approximately $646,000. Keel Point LLC increased its holdings in Analog Devices by 7.4% in the third quarter. Keel Point LLC now owns 3,219 shares of the semiconductor company’s stock worth $791,000 after purchasing an additional 223 shares in the last quarter. Farmers National Bank lifted its stake in Analog Devices by 87.3% in the third quarter. Farmers National Bank now owns 7,760 shares of the semiconductor company’s stock valued at $1,907,000 after buying an additional 3,618 shares during the period. Finally, Hudson Bay Capital Management LP boosted its holdings in shares of Analog Devices by 2,162.8% during the 3rd quarter. Hudson Bay Capital Management LP now owns 99,569 shares of the semiconductor company’s stock worth $24,464,000 after buying an additional 104,396 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.