Press coverage about Analog Devices (NASDAQ:ADI) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Analog Devices earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.6122875698993 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- 4 Technology Stocks Poised to Trump on Earnings in Q4 (nasdaq.com)
- Analog Devices, Inc. (ADI) Shares Sold by Dalton Greiner Hartman Maher & Co. (topix.com)
- Analog Devices, Inc. (ADI) Director Ray Stata Sells 10,000 Shares (topix.com)
- Does Analog Devices Inc’s (NASDAQ:ADI) Past Performance Indicate A Weaker Future? (finance.yahoo.com)
- ADI 72V Hybrid Step-Down DC/DC Controller Reduces Solution Size by 50% Compared to Traditional Architectures (businesswire.com)
Analog Devices (NASDAQ:ADI) traded up $0.83 during mid-day trading on Friday, hitting $92.02. 3,175,716 shares of the company traded hands, compared to its average volume of 2,630,000. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The company has a market capitalization of $33,920.00, a PE ratio of 46.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.29. Analog Devices has a one year low of $71.85 and a one year high of $93.99.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. Analog Devices’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. equities analysts anticipate that Analog Devices will post 5.2 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on ADI shares. Jefferies Group reiterated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Oppenheimer reiterated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $97.00 price target on shares of Analog Devices in a research report on Monday, September 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $97.21.
In other Analog Devices news, SVP Yusuf Jamal sold 718 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total value of $65,259.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,210,077.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,566 shares of company stock worth $15,473,748. 1.10% of the stock is owned by company insiders.
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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.
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