Analog Devices, Inc. (NASDAQ:ADI) Receives $305.52 Consensus Price Target from Analysts

Analog Devices, Inc. (NASDAQ:ADI) has been given a consensus rating of “Moderate Buy” by the thirty-three research firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, twenty-four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $305.5217.

A number of research firms have recently issued reports on ADI. BNP Paribas began coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price for the company. UBS Group increased their price target on shares of Analog Devices from $280.00 to $320.00 and gave the company a “buy” rating in a report on Monday, December 8th. BNP Paribas Exane initiated coverage on Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a research report on Monday, December 29th. Finally, Cfra reissued a “buy” rating and set a $280.00 price target on shares of Analog Devices in a report on Tuesday, November 25th.

Analog Devices Trading Down 1.5%

Shares of NASDAQ:ADI opened at $295.67 on Friday. Analog Devices has a 52-week low of $158.65 and a 52-week high of $309.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The company has a market capitalization of $144.77 billion, a P/E ratio of 64.84, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. The company has a 50-day simple moving average of $271.86 and a 200 day simple moving average of $250.83.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data 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 firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts forecast that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Insider Buying and Selling

In related news, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the transaction, the senior vice president directly owned 49,664 shares in the company, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $297.27, for a total transaction of $928,968.75. Following the transaction, the director directly owned 130,071 shares in the company, valued at approximately $38,666,206.17. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,544 shares of company stock valued at $14,328,561 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Analog Devices

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Howard Hughes Medical Institute bought a new stake in shares of Analog Devices during the 2nd quarter worth $25,000. RMG Wealth Management LLC acquired a new position in Analog Devices during the second quarter worth about $26,000. Clayton Financial Group LLC bought a new position in shares of Analog Devices in the third quarter worth about $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $32,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in shares of Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

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.