News headlines about Analog Devices (NASDAQ:ADI) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Analog Devices earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 47.2871590541163 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Zacks: Brokerages Anticipate Analog Devices, Inc. (ADI) to Announce $1.37 Earnings Per Share (americanbankingnews.com)
- ADTRAN Boosts Mosaic Subscriber Experience With 2 New Apps (finance.yahoo.com)
- SunTrust Banks Research Analysts Lift Earnings Estimates for Analog Devices, Inc. (ADI) (americanbankingnews.com)
- Analog Devices Inc (NASDAQ:ADI): Time For A Financial Health Check (finance.yahoo.com)
- SunTrust Banks Increases Analog Devices (ADI) Price Target to $116.00 (americanbankingnews.com)
ADI has been the topic of several research analyst reports. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. B. Riley restated a “buy” rating and set a $122.00 target price (up previously from $113.00) on shares of Analog Devices in a research report on Wednesday, February 28th. Argus upped their target price on Analog Devices from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their target price on Analog Devices from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $101.21.
NASDAQ:ADI traded up $0.36 on Monday, hitting $93.14. The stock had a trading volume of 2,096,893 shares, compared to its average volume of 3,009,325. The firm has a market cap of $34,310.38, a P/E ratio of 19.73, a PEG ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76. Analog Devices has a 52 week low of $74.65 and a 52 week high of $98.38.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The company’s quarterly revenue was up 54.4% on a year-over-year basis. equities analysts forecast that Analog Devices will post 5.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Thursday, March 8th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is currently 40.68%.
In other news, CAO Eileen Wynne sold 5,209 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $94.86, for a total value of $494,125.74. Following the transaction, the chief accounting officer now owns 3,895 shares in the company, valued at $369,479.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $91.25, for a total value of $912,500.00. The disclosure for this sale can be found here. Insiders sold 58,664 shares of company stock worth $5,320,928 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.
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About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It 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 ICs to support cellular infrastructure.
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