Analog Devices (NASDAQ:ADI) Price Target Raised to $200.00 at Sanford C. Bernstein

Analog Devices (NASDAQ:ADIGet Rating) had its price target upped by equities research analysts at Sanford C. Bernstein from $190.00 to $200.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 18.20% from the company’s previous close.

A number of other research firms have also weighed in on ADI. StockNews.com initiated coverage on Analog Devices in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen initiated coverage on Analog Devices in a research report on Tuesday, October 11th. They set an “outperform” rating and a $180.00 price objective on the stock. Needham & Company LLC lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft cut their price objective 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, Barclays lowered Analog Devices from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $180.00 to $140.00 in a report on Monday, October 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.95.

Analog Devices Stock Up 0.5 %

Shares of NASDAQ ADI opened at $169.20 on Wednesday. The firm has a market cap of $87.03 billion, a price-to-earnings 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 has a 52-week low of $133.48 and a 52-week high of $188.20. The business’s 50 day moving average is $148.04 and its two-hundred day moving average is $155.09.

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

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Tunc Doluca sold 1,700 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 68,657 shares in the company, valued at $10,985,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Price T Rowe Associates Inc. MD boosted its stake 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 buying an additional 3,893,057 shares during the period. BlackRock Inc. boosted its stake 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 buying an additional 2,076,636 shares during the period. Wellington Management Group LLP boosted its stake 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 buying an additional 1,125,178 shares during the period. Baillie Gifford & Co. boosted its stake 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 buying an additional 994,122 shares during the period. Finally, Allen Investment Management LLC acquired a new stake in shares of Analog Devices during the second quarter worth about $124,937,000. 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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