Analog Devices, Inc. (NASDAQ:ADI) Receives $208.17 Consensus Price Target from Analysts

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $208.17.

A number of equities research analysts recently issued reports on ADI shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a research note on Monday, March 4th. Oppenheimer reissued an “outperform” rating and set a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Evercore ISI started coverage on shares of Analog Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and set a $212.00 price target on shares of Analog Devices in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd.

Insider Buying and Selling at Analog Devices

In related news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock worth $4,874,613 in the last quarter. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its position in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. USA Financial Formulas grew its position in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares during the last quarter. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the 4th quarter valued at about $29,000. Private Wealth Management Group LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at about $29,000. Finally, Riverview Trust Co acquired a new stake in Analog Devices during the first quarter valued at approximately $30,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI opened at $199.63 on Friday. Analog Devices has a 12-month low of $154.99 and a 12-month high of $204.20. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $99.00 billion, a PE ratio of 35.71, a P/E/G ratio of 5.01 and a beta of 1.14. The firm has a 50 day moving average of $194.27 and a two-hundred day moving average of $188.38.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $2.75 EPS. Analog Devices’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, analysts anticipate that Analog Devices will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. 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 consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.