Analog Devices, Inc. (NASDAQ:ADI) had its price target decreased by Stifel Nicolaus from $100.00 to $98.00 in a research report released on Wednesday morning. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.
Other equities analysts also recently issued research reports about the company. B. Riley reiterated a buy rating and issued a $110.00 price objective on shares of Analog Devices in a research report on Sunday, August 27th. Jefferies Group LLC lifted their price objective on Analog Devices to $110.00 and gave the company a buy rating in a research report on Wednesday. Drexel Hamilton reiterated a buy rating and issued a $105.00 price objective on shares of Analog Devices in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on Analog Devices from $92.00 to $95.00 and gave the company an outperform rating in a research report on Thursday, August 31st. Finally, BidaskClub downgraded Analog Devices from a hold rating to a sell rating in a research report on Saturday, August 5th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $94.19.
Shares of Analog Devices (NASDAQ ADI) traded down $1.54 during mid-day trading on Wednesday, hitting $88.65. The company’s stock had a trading volume of 4,028,500 shares, compared to its average volume of 2,961,242. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.52. Analog Devices has a 52 week low of $68.42 and a 52 week high of $93.99. The company has a market cap of $33,159.95, a P/E ratio of 19.27, a P/E/G ratio of 1.75 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. equities analysts expect that Analog Devices will post 4.96 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.03%. Analog Devices’s payout ratio is presently 86.96%.
In related news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the sale, the senior vice president now owns 13,531 shares in the company, valued at $1,111,301.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Champy sold 12,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total value of $1,125,000.00. Following the sale, the director now owns 21,910 shares in the company, valued at approximately $1,971,900. The disclosure for this sale can be found here. Insiders have sold 132,994 shares of company stock worth $11,370,618 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC increased its position in Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 15 shares during the last quarter. Pitcairn Co. increased its position in Analog Devices by 0.6% during the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock worth $367,000 after buying an additional 30 shares during the last quarter. Cookson Peirce & Co. Inc. increased its position in Analog Devices by 0.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock worth $812,000 after buying an additional 40 shares during the last quarter. Smith Salley & Associates increased its position in Analog Devices by 1.1% during the second quarter. Smith Salley & Associates now owns 3,878 shares of the semiconductor company’s stock worth $302,000 after buying an additional 42 shares during the last quarter. Finally, Simmons Bank increased its position in Analog Devices by 0.8% during the second quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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