Shares of Analog Devices, Inc. (NASDAQ:ADI) have been given an average recommendation of “Buy” by the twenty-nine analysts that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $141.38.
A number of equities research analysts have recently commented on the company. Loop Capital raised their price target on Analog Devices from $136.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, November 30th. Summit Insights lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Tuesday, November 24th. The Goldman Sachs Group raised their price target on Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, December 14th. Deutsche Bank Aktiengesellschaft raised their price target on Analog Devices from $142.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, December 17th. Finally, BMO Capital Markets raised their price target on Analog Devices from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 25th.
Shares of ADI opened at $144.47 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43. Analog Devices has a 1 year low of $79.07 and a 1 year high of $146.31. The stock has a market cap of $53.38 billion, a P/E ratio of 44.05, a price-to-earnings-growth ratio of 2.09 and a beta of 1.32. The stock’s 50-day moving average price is $138.83 and its two-hundred day moving average price is $123.54.
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Analog Devices (NASDAQ:ADI) last issued its earnings results on Monday, November 23rd. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same quarter in the previous year, the company earned $1.19 EPS. As a group, equities analysts forecast that Analog Devices will post 5.65 EPS for the current year.
In other news, CFO Prashanth Mahendra-Rajah sold 1,790 shares of Analog Devices stock in a transaction that occurred on Thursday, December 3rd. The stock was sold at an average price of $140.58, for a total transaction of $251,638.20. Following the completion of the transaction, the chief financial officer now directly owns 13,394 shares in the company, valued at approximately $1,882,928.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory N. Henderson sold 3,519 shares of Analog Devices stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $141.92, for a total value of $499,416.48. Following the transaction, the senior vice president now owns 9,345 shares of the company’s stock, valued at $1,326,242.40. The disclosure for this sale can be found here. Insiders have sold a total of 48,618 shares of company stock worth $6,613,616 in the last ninety days. Insiders own 0.42% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ADI. BlackRock Inc. boosted its stake in Analog Devices by 10.6% in the 3rd quarter. BlackRock Inc. now owns 30,760,256 shares of the semiconductor company’s stock valued at $3,590,951,000 after purchasing an additional 2,946,683 shares during the period. JPMorgan Chase & Co. boosted its stake in Analog Devices by 19.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,039,376 shares of the semiconductor company’s stock valued at $3,037,493,000 after purchasing an additional 4,199,225 shares during the period. Neuberger Berman Group LLC boosted its stake in Analog Devices by 1.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,179,617 shares of the semiconductor company’s stock valued at $487,665,000 after purchasing an additional 73,905 shares during the period. Bank of New York Mellon Corp boosted its stake in Analog Devices by 10.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,221,723 shares of the semiconductor company’s stock valued at $395,112,000 after purchasing an additional 300,229 shares during the period. Finally, Alkeon Capital Management LLC boosted its stake in Analog Devices by 4.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,301,646 shares of the semiconductor company’s stock valued at $268,694,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 79.48% of the company’s stock.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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