Analog Devices, Inc. (NASDAQ:ADI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADIGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $190.95.

Several equities research analysts have recently issued reports on ADI shares. Sanford C. Bernstein increased their price objective on shares of Analog Devices from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Barclays upped their target price on shares of Analog Devices from $140.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday. BMO Capital Markets upped their target price on shares of Analog Devices from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird reiterated an “outperform” rating and set a $220.00 price objective on shares of Analog Devices in a research note on Friday, August 19th.

Analog Devices Price Performance

Analog Devices stock opened at $169.20 on Friday. Analog Devices has a 52-week low of $133.48 and a 52-week high of $188.20. The firm has a fifty day moving average of $148.04 and a 200-day moving average of $155.09. The firm has a market capitalization of $87.03 billion, a P/E ratio of 32.05, a PEG ratio of 1.46 and a beta of 1.11. The company has a quick ratio of 1.43, a current ratio of 2.02 and a debt-to-equity ratio of 0.18.

Analog Devices (NASDAQ:ADIGet Rating) last released its quarterly earnings data on Tuesday, November 22nd. The semiconductor company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.15. Analog Devices had a net margin of 22.88% and a return on equity of 13.58%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 38.8% compared to the same quarter last year. As a group, analysts predict that Analog Devices will post 9.41 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, December 5th will be issued a $0.76 dividend. The ex-dividend date is Friday, December 2nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.80%. Analog Devices’s dividend payout ratio (DPR) is presently 57.58%.

Insider Buying and Selling

In related news, Director Tunc Doluca sold 2,400 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $150.00, for a total value of $360,000.00. Following the sale, the director now owns 69,157 shares of the company’s stock, valued at approximately $10,373,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Several large investors have recently bought and sold shares of ADI. Horan Securities Inc. increased its stake in Analog Devices by 101.2% during the 1st quarter. Horan Securities Inc. now owns 163 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 82 shares during the period. Coston McIsaac & Partners acquired a new position in Analog Devices during the 2nd quarter valued at about $27,000. Core Alternative Capital increased its stake in Analog Devices by 333.3% during the 1st quarter. Core Alternative Capital now owns 182 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the period. Selective Wealth Management Inc. increased its stake in Analog Devices by 1,116.7% during the 2nd quarter. Selective Wealth Management Inc. now owns 219 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 201 shares during the period. Finally, Worth Asset Management LLC acquired a new position in Analog Devices during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 85.22% of the company’s stock.

Analog Devices Company Profile

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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.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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