Analog Devices (ADI) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Analog Devices (NASDAQ:ADI) from a market perform rating to an outperform rating in a research report released on Tuesday, MarketBeat.com reports. The firm currently has $105.00 price objective on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. KeyCorp restated a buy rating and issued a $107.00 price objective on shares of Analog Devices in a report on Friday, November 24th. Stifel Nicolaus cut their price objective on shares of Analog Devices from $100.00 to $98.00 and set a buy rating on the stock in a report on Wednesday, November 22nd. Jefferies Group increased their price objective on shares of Analog Devices to $110.00 and gave the company a buy rating in a report on Wednesday, November 22nd. B. Riley increased their price objective on shares of Analog Devices from $110.00 to $113.00 and gave the company a buy rating in a report on Wednesday, November 22nd. Finally, Drexel Hamilton restated a buy rating and issued a $105.00 price objective on shares of Analog Devices in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $97.52.

Analog Devices (NASDAQ:ADI) opened at $88.41 on Tuesday. Analog Devices has a twelve month low of $74.65 and a twelve month high of $98.38. The firm has a market cap of $32,590.00, a P/E ratio of 44.65, a P/E/G ratio of 1.59 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Analog Devices’s revenue was up 53.4% compared to the same quarter last year. equities analysts predict that Analog Devices will post 5.2 EPS for the current fiscal year.

In other news, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total transaction of $591,710.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,724,750.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 6,345 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $88.49, for a total transaction of $561,469.05. Following the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,549.96. The disclosure for this sale can be found here. Insiders sold 180,963 shares of company stock valued at $15,703,697 in the last ninety days. Insiders own 0.70% of the company’s stock.

Several hedge funds have recently modified their holdings of ADI. Intl Fcstone Inc. bought a new stake in shares of Analog Devices during the second quarter worth $205,000. Eqis Capital Management Inc. bought a new stake in shares of Analog Devices during the third quarter worth $422,000. Robeco Institutional Asset Management B.V. increased its position in shares of Analog Devices by 8.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 25,920 shares of the semiconductor company’s stock worth $2,234,000 after acquiring an additional 1,936 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Analog Devices during the third quarter worth $254,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Analog Devices during the third quarter worth $2,054,000. 85.82% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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