Analog Devices (NASDAQ:ADI) had its price objective hoisted by KeyCorp from $195.00 to $200.00 in a report issued on Tuesday, The Fly reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price would indicate a potential upside of 17.19% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Needham & Company LLC began coverage on Analog Devices in a report on Thursday, June 24th. They set a “buy” rating and a $195.00 price objective for the company. Bank of America lifted their price objective on Analog Devices from $178.00 to $200.00 and gave the company a “buy” rating in a report on Friday, June 25th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $185.00 in a report on Thursday, May 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Analog Devices from $160.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, May 20th. Finally, Truist Securities cut their price objective on Analog Devices from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, May 20th. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $174.95.
Shares of ADI stock opened at $170.67 on Tuesday. The company has a market capitalization of $62.95 billion, a PE ratio of 40.73, a P/E/G ratio of 2.22 and a beta of 1.25. Analog Devices has a one year low of $110.47 and a one year high of $172.45. The business has a fifty day moving average price of $161.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.81 and a current ratio of 1.05.
I only buy one kind of stock. 37 of these cash cows are in my portfolio right now… and for every dollar invested in them they are sending us 69 cents in dividends. That’s an effective yield of 69% a year-every year. All without leverage, options, or gimmicks.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, May 18th. The semiconductor company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.45 by $0.09. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Analog Devices had a return on equity of 17.91% and a net margin of 25.16%. Analog Devices’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. Research analysts anticipate that Analog Devices will post 6.28 EPS for the current fiscal year.
In other news, SVP Gregory N. Henderson sold 6,078 shares of the business’s stock in a transaction dated Tuesday, June 15th. The stock was sold at an average price of $168.43, for a total transaction of $1,023,717.54. Following the completion of the transaction, the senior vice president now directly owns 11,925 shares in the company, valued at approximately $2,008,527.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 6,750 shares of the business’s stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $165.18, for a total value of $1,114,965.00. Following the transaction, the chief financial officer now owns 21,912 shares of the company’s stock, valued at $3,619,424.16. The disclosure for this sale can be found here. Insiders have sold a total of 22,828 shares of company stock valued at $3,780,683 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its position in shares of Analog Devices by 3.3% in the 1st quarter. Ameriprise Financial Inc. now owns 5,666,121 shares of the semiconductor company’s stock valued at $876,395,000 after purchasing an additional 179,132 shares during the period. Geode Capital Management LLC grew its position in shares of Analog Devices by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 5,635,600 shares of the semiconductor company’s stock valued at $871,459,000 after purchasing an additional 92,896 shares during the period. Northern Trust Corp grew its position in shares of Analog Devices by 2.5% in the 1st quarter. Northern Trust Corp now owns 5,022,109 shares of the semiconductor company’s stock valued at $778,829,000 after purchasing an additional 123,029 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Analog Devices by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,642,427 shares of the semiconductor company’s stock valued at $719,948,000 after acquiring an additional 296,759 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Analog Devices by 2.0% in the 1st quarter. Neuberger Berman Group LLC now owns 4,447,145 shares of the semiconductor company’s stock valued at $688,889,000 after acquiring an additional 87,084 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.
Analog Devices Company Profile
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 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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