Analog Devices (NASDAQ:ADI) PT Lowered to $195.00 at UBS Group

Analog Devices (NASDAQ:ADIGet Rating) had its target price dropped by equities research analysts at UBS Group from $210.00 to $195.00 in a report issued on Wednesday, The Fly reports. UBS Group’s target price would indicate a potential upside of 15.25% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Credit Suisse Group restated a “neutral” rating and set a $185.00 price objective on shares of Analog Devices in a report on Wednesday, November 16th. Truist Financial upped their price target on Analog Devices from $203.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Raymond James decreased their price target on Analog Devices from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, August 18th. Cowen assumed coverage on Analog Devices in a report on Tuesday, October 11th. They set an “outperform” rating and a $180.00 price target for the company. Finally, Citigroup upped their price target on Analog Devices from $192.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $190.95.

Analog Devices Price Performance

Shares of ADI opened at $169.20 on Wednesday. The firm has a market cap of $87.03 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. 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 price is $148.04 and its two-hundred day moving average price is $155.09. 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 (NASDAQ:ADIGet Rating) last released its quarterly earnings data on Tuesday, November 22nd. The semiconductor company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.58 by $0.15. The firm had revenue of $3.25 billion during 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 company’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.73 earnings per share. On average, equities analysts anticipate that Analog Devices will post 9.41 EPS for the current year.

Insider Activity

In related news, Director Tunc Doluca sold 2,400 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $150.00, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Trading of Analog Devices

Institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. lifted its holdings in Analog Devices by 84.8% during the 2nd quarter. Vontobel Holding Ltd. now owns 25,836 shares of the semiconductor company’s stock worth $3,804,000 after purchasing an additional 11,855 shares in the last quarter. Forum Financial Management LP lifted its holdings in Analog Devices by 92.8% during the 1st quarter. Forum Financial Management LP now owns 5,910 shares of the semiconductor company’s stock worth $976,000 after purchasing an additional 2,844 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Analog Devices by 30.7% in the 2nd quarter. Avantax Advisory Services Inc. now owns 5,598 shares of the semiconductor company’s stock valued at $818,000 after acquiring an additional 1,314 shares in the last quarter. Buckley Wealth Management LLC purchased a new stake in shares of Analog Devices in the 1st quarter valued at about $211,000. Finally, Wetherby Asset Management Inc. raised its holdings in shares of Analog Devices by 7.3% in the 1st quarter. Wetherby Asset Management Inc. now owns 12,056 shares of the semiconductor company’s stock valued at $1,991,000 after acquiring an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.

About Analog Devices

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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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