Analog Devices (NASDAQ:ADI) Given New $145.00 Price Target at Barclays

Analog Devices (NASDAQ:ADIGet 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.

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

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

(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.

See Also

The Fly logo

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.