Analog Devices, Inc. (NASDAQ:ADI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Analog Devices, Inc. (NASDAQ:ADIGet Rating) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $196.12.

Several brokerages have commented on ADI. Sanford C. Bernstein raised their target price on Analog Devices to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 19th. UBS Group lowered their price target on Analog Devices to $210.00 and set a “hold” rating on the stock in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft raised their price target on Analog Devices from $165.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 18th. Piper Sandler decreased their price objective on Analog Devices from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. Finally, Citigroup raised their price objective on Analog Devices from $192.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 18th.

Analog Devices Price Performance

Shares of ADI opened at $154.18 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.92. Analog Devices has a 52-week low of $138.50 and a 52-week high of $191.95. The business’s 50 day moving average price is $161.47 and its two-hundred day moving average price is $159.00. The firm has a market cap of $79.30 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.16.

Analog Devices (NASDAQ:ADIGet Rating) last released its quarterly earnings results on Wednesday, August 17th. The semiconductor company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.06 billion. Analog Devices had a return on equity of 11.92% and a net margin of 17.00%. Analog Devices’s quarterly revenue was up 76.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 EPS. On average, equities analysts anticipate that Analog Devices will post 9.42 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Tuesday, August 30th were given a $0.76 dividend. The ex-dividend date was Monday, August 29th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.97%. Analog Devices’s dividend payout ratio is currently 83.98%.

Insider Transactions at Analog Devices

In other news, Director Tunc Doluca sold 2,300 shares of Analog Devices stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $160.00, for a total value of $368,000.00. Following the sale, the director now directly owns 85,357 shares in the company, valued at approximately $13,657,120. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Tunc Doluca sold 2,300 shares of Analog Devices stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $160.00, for a total value of $368,000.00. Following the sale, the director now directly owns 85,357 shares in the company, valued at approximately $13,657,120. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Vivek Jain sold 14,000 shares of Analog Devices stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $165.63, for a total value of $2,318,820.00. Following the sale, the senior vice president now owns 18,271 shares in the company, valued at $3,026,225.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,700 shares of company stock worth $8,827,200. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently made changes to their positions in ADI. Summit Trail Advisors LLC raised its stake in Analog Devices by 1.8% during the second quarter. Summit Trail Advisors LLC now owns 3,284 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 57 shares during the last quarter. Tortoise Investment Management LLC raised its stake in Analog Devices by 10.9% during the second quarter. Tortoise Investment Management LLC now owns 589 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 58 shares during the last quarter. Blossom Wealth Management raised its stake in Analog Devices by 4.8% during the first quarter. Blossom Wealth Management now owns 1,424 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 65 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in Analog Devices by 0.4% during the second quarter. Banque Cantonale Vaudoise now owns 17,607 shares of the semiconductor company’s stock valued at $2,572,000 after buying an additional 65 shares during the last quarter. Finally, Wealthsource Partners LLC raised its stake in Analog Devices by 3.4% during the second quarter. Wealthsource Partners LLC now owns 1,983 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 66 shares during the last quarter. 85.22% of the stock is currently owned by institutional investors.

About Analog Devices

(Get Rating)

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

Featured Articles

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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.