Analog Devices (NASDAQ:ADI) had its price objective hoisted by stock analysts at BMO Capital Markets from $155.00 to $190.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 18.17% from the company’s current price.
Several other research firms also recently weighed in on ADI. Zacks Investment Research upgraded Analog Devices from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a report on Friday, November 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Analog Devices from $134.00 to $155.00 in a report on Wednesday, November 25th. Evercore ISI upgraded shares of Analog Devices from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $135.00 to $160.00 in a report on Monday, November 9th. Barclays boosted their target price on shares of Analog Devices from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 26th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group boosted their target price on shares of Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, December 14th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and a consensus target price of $147.92.
Analog Devices stock opened at $160.78 on Tuesday. The firm’s 50 day moving average price is $153.24 and its 200-day moving average price is $132.52. Analog Devices has a 1 year low of $79.07 and a 1 year high of $162.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 1.40. The stock has a market cap of $59.38 billion, a P/E ratio of 49.02, a PEG ratio of 2.26 and a beta of 1.31.
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Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Monday, November 23rd. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.32 by $0.12. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.44 billion. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. During the same period in the previous year, the firm earned $1.19 earnings per share. As a group, equities analysts expect that Analog Devices will post 5.69 EPS for the current year.
In other Analog Devices news, CFO Prashanth Mahendra-Rajah sold 3,625 shares of Analog Devices stock in a transaction that occurred on Friday, November 27th. The stock was sold at an average price of $138.41, for a total value of $501,736.25. Following the transaction, the chief financial officer now directly owns 15,184 shares in the company, valued at approximately $2,101,617.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Champy sold 1,562 shares of Analog Devices stock in a transaction that occurred on Wednesday, January 13th. The shares were sold at an average price of $160.00, for a total value of $249,920.00. Following the completion of the transaction, the director now owns 8,406 shares in the company, valued at $1,344,960. The disclosure for this sale can be found here. Insiders sold a total of 25,736 shares of company stock worth $3,751,212 over the last quarter. Company insiders own 0.42% of the company’s stock.
Several institutional investors have recently bought and sold shares of ADI. JPMorgan Chase & Co. boosted its stake in shares of Analog Devices by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 26,039,376 shares of the semiconductor company’s stock valued at $3,037,493,000 after buying an additional 4,199,225 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Analog Devices by 10.6% in the third quarter. BlackRock Inc. now owns 30,760,256 shares of the semiconductor company’s stock valued at $3,590,951,000 after buying an additional 2,946,683 shares in the last quarter. FMR LLC boosted its stake in shares of Analog Devices by 21.0% in the fourth quarter. FMR LLC now owns 6,370,184 shares of the semiconductor company’s stock valued at $941,067,000 after buying an additional 1,104,853 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in Analog Devices during the fourth quarter worth $116,175,000. Finally, Brown Advisory Inc. boosted its position in Analog Devices by 23.2% during the fourth quarter. Brown Advisory Inc. now owns 3,062,089 shares of the semiconductor company’s stock worth $452,362,000 after purchasing an additional 576,210 shares in the last quarter. Hedge funds and other institutional investors own 91.90% of the company’s stock.
About Analog Devices
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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