Analog Devices (NASDAQ:ADI) Price Target Raised to $190.00

Analog Devices (NASDAQ:ADIGet Rating) had its price target upped by investment analysts at Cowen from $180.00 to $190.00 in a research note issued on Wednesday, The Fly reports. Cowen’s price target points to a potential upside of 12.29% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Oppenheimer reaffirmed an “outperform” rating and set a $210.00 price target on shares of Analog Devices in a research report on Friday, November 18th. Cowen began coverage on Analog Devices in a research report on Tuesday, October 11th. They set an “outperform” rating and a $180.00 target price on the stock. StockNews.com began coverage on Analog Devices in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Analog Devices from $170.00 to $155.00 and set a “hold” rating on the stock in a research report on Tuesday, October 18th. Finally, Sanford C. Bernstein raised their target price on Analog Devices from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.95.

Analog Devices Price Performance

Shares of ADI opened at $169.20 on Wednesday. The business’s 50-day moving average is $148.04 and its two-hundred day moving average is $155.09. The company has a market capitalization of $87.03 billion, a P/E ratio of 32.05, a P/E/G ratio of 1.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.43 and a current ratio of 2.02. Analog Devices has a fifty-two week low of $133.48 and a fifty-two week high of $188.20.

Analog Devices (NASDAQ:ADIGet Rating) last announced its quarterly earnings results 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. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.16 billion. Analog Devices had a return on equity of 13.58% and a net margin of 22.88%. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. Research analysts predict that Analog Devices will post 9.41 earnings per share for the current year.

Insiders Place Their Bets

In other Analog Devices news, Director Tunc Doluca sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $160.00, for a total value of $272,000.00. Following the transaction, the director now directly owns 68,657 shares of the company’s stock, valued at approximately $10,985,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Horan Securities Inc. raised its position in shares of 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 purchased a new stake in shares of Analog Devices during the 2nd quarter valued at approximately $27,000. Core Alternative Capital raised its position in shares of 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. raised its position in shares of 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 purchased a new stake in shares of Analog Devices during the 1st quarter valued at approximately $33,000. 85.22% of the stock is owned by hedge funds and other 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.

Further Reading

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.