Analog Devices (NASDAQ:ADI) PT Raised to $280.00

Analog Devices (NASDAQ:ADI) had its target price boosted by Susquehanna from $230.00 to $280.00 in a report issued on Thursday morning, Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

Several other research firms have also commented on ADI. TD Cowen lifted their price target on shares of Analog Devices from $210.00 to $270.00 and gave the company a buy rating in a research report on Thursday. Stifel Nicolaus boosted their target price on Analog Devices from $220.00 to $240.00 and gave the company a buy rating in a research report on Monday, May 20th. Bank of America boosted their target price on Analog Devices from $225.00 to $260.00 and gave the company a buy rating in a research report on Thursday. Sanford C. Bernstein boosted their target price on Analog Devices from $200.00 to $220.00 and gave the company a market perform rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on Analog Devices from $191.00 to $205.00 and gave the company a buy rating in a research report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $243.23.

Analog Devices Stock Down 0.9 %

ADI stock opened at $232.51 on Thursday. The firm has a market cap of $115.38 billion, a PE ratio of 54.32, a PEG ratio of 5.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.58. The firm’s 50 day moving average price is $200.67 and its 200-day moving average price is $193.66. Analog Devices has a one year low of $154.99 and a one year high of $241.88.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.26 by $0.14. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.83 EPS. On average, equities research analysts anticipate that Analog Devices will post 5.93 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.58%. Analog Devices’s payout ratio is currently 85.98%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,707 shares of company stock worth $4,874,613. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $1,225,227,000. Swedbank AB purchased a new stake in shares of Analog Devices in the first quarter valued at about $537,171,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Analog Devices by 22.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock valued at $2,428,225,000 after buying an additional 2,497,696 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Analog Devices by 4.7% in the first quarter. Vanguard Group Inc. now owns 47,716,169 shares of the semiconductor company’s stock valued at $9,437,781,000 after buying an additional 2,160,668 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Analog Devices by 17,535,360.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,753,546 shares of the semiconductor company’s stock valued at $346,834,000 after buying an additional 1,753,536 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

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.