Analog Devices (NASDAQ:ADI – Get Rating) had its price target upped by research analysts at Barclays from $140.00 to $145.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target would suggest a potential downside of 14.30% from the stock’s previous close.
Several other analysts have also weighed in on ADI. Sanford C. Bernstein lifted their price objective on Analog Devices from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup lifted their price objective on Analog Devices from $192.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Piper Sandler decreased their price target on Analog Devices from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, August 18th. StockNews.com initiated coverage on Analog Devices in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Cowen initiated coverage on Analog Devices in a research note on Tuesday, October 11th. They issued an “outperform” rating and a $180.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.95.
Analog Devices Price Performance
Shares of NASDAQ:ADI opened at $169.20 on Wednesday. Analog Devices has a 1-year low of $133.48 and a 1-year high of $188.20. The firm has a market capitalization of $87.03 billion, a PE ratio of 32.05, a PEG ratio of 1.46 and a beta of 1.11. The business’s 50 day moving average is $148.04 and its 200-day moving average is $155.09. The company has a current ratio of 2.02, a quick ratio of 1.43 and a debt-to-equity ratio of 0.18.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, Director Tunc Doluca sold 1,700 shares of Analog Devices stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $160.00, for a total value of $272,000.00. Following the completion of the transaction, the director now owns 68,657 shares in the company, valued at approximately $10,985,120. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.
Hedge Funds Weigh In On Analog Devices
Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of Analog Devices by 370.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,943,607 shares of the semiconductor company’s stock worth $722,212,000 after acquiring an additional 3,893,057 shares during the last quarter. BlackRock Inc. raised its position in shares of Analog Devices by 5.2% during the third quarter. BlackRock Inc. now owns 42,266,420 shares of the semiconductor company’s stock worth $5,889,403,000 after acquiring an additional 2,076,636 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Analog Devices by 13.7% during the first quarter. Wellington Management Group LLP now owns 9,338,263 shares of the semiconductor company’s stock worth $1,542,495,000 after acquiring an additional 1,125,178 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Analog Devices by 43.8% during the second quarter. Baillie Gifford & Co. now owns 3,261,278 shares of the semiconductor company’s stock worth $476,440,000 after acquiring an additional 994,122 shares during the last quarter. Finally, Allen Investment Management LLC bought a new stake in shares of Analog Devices during the second quarter worth $124,937,000. Institutional investors own 85.22% of the company’s stock.
Analog Devices Company Profile
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.
- Get a free copy of the StockNews.com research report on Analog Devices (ADI)
- Is the 60/40 Portfolio Mix Still in Vogue?
- Institutional Support for Analog Devices Remains High
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Microsoft Shares: Is it Time to Back Up the Truck?
- Three CBD Stocks to Dominate a Budding Industry
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.