Analog Devices (NASDAQ:ADI) has been assigned a consensus recommendation of “Buy” from the twenty-six analysts that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $101.59.
A number of brokerages have commented on ADI. Zacks Investment Research lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. SunTrust Banks raised their price target on Analog Devices to $116.00 and gave the stock a “positive” rating in a research note on Thursday, April 12th. They noted that the move was a valuation call. Raymond James raised Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Monday, March 26th. Finally, UBS raised Analog Devices from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th.
Shares of Analog Devices opened at $94.88 on Friday, according to MarketBeat. Analog Devices has a one year low of $76.07 and a one year high of $98.38. The stock has a market cap of $35.09 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. equities analysts expect that Analog Devices will post 5.63 EPS for the current year.
In related 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 directly owns 3,895 shares of the company’s stock, valued at approximately $369,479.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.89, for a total value of $898,900.00. The disclosure for this sale can be found here. Insiders sold a total of 67,106 shares of company stock worth $6,060,346 over the last three months. 1.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ADI. JPMorgan Chase & Co. increased its position in Analog Devices by 17.7% in the 1st quarter. JPMorgan Chase & Co. now owns 22,229,063 shares of the semiconductor company’s stock worth $2,025,734,000 after buying an additional 3,344,969 shares during the period. Massachusetts Financial Services Co. MA increased its position in Analog Devices by 30.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,729,787 shares of the semiconductor company’s stock worth $1,251,195,000 after buying an additional 3,184,232 shares during the period. Ceredex Value Advisors LLC bought a new position in Analog Devices in the 1st quarter worth approximately $108,490,000. FIL Ltd increased its position in Analog Devices by 9,511.9% in the 1st quarter. FIL Ltd now owns 1,173,424 shares of the semiconductor company’s stock worth $106,934,000 after buying an additional 1,161,216 shares during the period. Finally, Millennium Management LLC increased its position in Analog Devices by 2,304.5% in the 1st quarter. Millennium Management LLC now owns 1,055,409 shares of the semiconductor company’s stock worth $96,179,000 after buying an additional 1,011,516 shares during the period. 88.88% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.