Analog Devices (NASDAQ:ADI) had its target price hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from $142.00 to $150.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 5.04% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Raymond James raised their target price on shares of Analog Devices from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, November 25th. Citigroup raised their target price on shares of Analog Devices from $120.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of Analog Devices from $134.00 to $155.00 in a report on Wednesday, November 25th. Finally, Smith Barney Citigroup lifted their price target on shares of Analog Devices from $134.00 to $155.00 in a report on Wednesday, November 25th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $141.38.
ADI stock opened at $142.80 on Thursday. The company has a market capitalization of $52.76 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32. Analog Devices has a one year low of $79.07 and a one year high of $146.31. The company’s 50 day moving average price is $134.80 and its two-hundred day moving average price is $122.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.84.
With most investors focused on big tech, a frenzy is quietly erupting in one tiny sector, with gains like 500% in two months and 104% in a single day.
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 consensus estimate of $1.32 by $0.12. 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 business earned $1.19 EPS. On average, research analysts predict that Analog Devices will post 5.64 EPS for the current year.
In other Analog Devices news, SVP Gregory N. Henderson sold 14,233 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $111.77, for a total value of $1,590,822.41. Following the completion of the transaction, the senior vice president now owns 20,059 shares of the company’s stock, valued at approximately $2,241,994.43. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory N. Henderson sold 3,519 shares of the business’s stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $141.92, for a total value of $499,416.48. Following the sale, 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. In the last ninety days, insiders sold 72,377 shares of company stock valued at $9,280,590. 0.42% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Wealth Alliance boosted its stake in Analog Devices by 5.0% in the 3rd quarter. Wealth Alliance now owns 1,794 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 85 shares during the period. Farmers Trust Co. raised its stake in Analog Devices by 2.9% in the third quarter. Farmers Trust Co. now owns 3,056 shares of the semiconductor company’s stock valued at $356,000 after buying an additional 86 shares during the last quarter. Nachman Norwood & Parrott Inc raised its stake in Analog Devices by 2.0% in the third quarter. Nachman Norwood & Parrott Inc now owns 4,430 shares of the semiconductor company’s stock valued at $517,000 after buying an additional 86 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Analog Devices by 13.2% in the third quarter. Valeo Financial Advisors LLC now owns 825 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 96 shares during the last quarter. Finally, Sandy Spring Bank raised its stake in Analog Devices by 21.0% in the third quarter. Sandy Spring Bank now owns 577 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds 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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