SunTrust Banks Raises Analog Devices (ADI) Price Target to $116.00

Analog Devices (NASDAQ:ADI) had its price target boosted by SunTrust Banks to $116.00 in a research report released on Thursday morning. SunTrust Banks currently has a positive rating on the semiconductor company’s stock. SunTrust Banks also issued estimates for Analog Devices’ Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $5.62 EPS, Q1 2019 earnings at $1.29 EPS, Q2 2019 earnings at $1.41 EPS, Q3 2019 earnings at $1.42 EPS, Q4 2019 earnings at $1.53 EPS, FY2019 earnings at $5.65 EPS and Q1 2020 earnings at $1.43 EPS. The analysts noted that the move was a valuation call.

A number of other analysts have also recently issued reports on ADI. Deutsche Bank raised their price objective on Analog Devices from $85.00 to $87.00 and gave the company a hold rating in a research report on Thursday, March 1st. Zacks Investment Research raised Analog Devices from a hold rating to a buy rating and set a $100.00 price objective for the company in a research report on Wednesday, April 4th. BidaskClub cut Analog Devices from a hold rating to a sell rating in a research report on Thursday, December 14th. Nomura raised their price objective on Analog Devices from $85.00 to $95.00 and gave the company a neutral rating in a research report on Thursday, March 1st. Finally, Stifel Nicolaus raised their price objective on Analog Devices from $102.00 to $105.00 and gave the company a buy rating in a research report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $101.21.

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ADI opened at $92.78 on Thursday. Analog Devices has a 12-month low of $74.65 and a 12-month high of $98.38. The company has a market capitalization of $34,399.13, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71.



Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was up 54.4% on a year-over-year basis. equities research analysts anticipate that Analog Devices will post 5.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, March 8th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is 40.68%.

In other Analog Devices news, CAO Eileen Wynne sold 5,209 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $94.86, for a total transaction of $494,125.74. Following the transaction, the chief accounting officer now owns 3,895 shares in the company, valued at approximately $369,479.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $88.50, for a total value of $619,500.00. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,805,754. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,664 shares of company stock worth $5,320,928. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ADI. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Analog Devices by 17.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 37,762 shares of the semiconductor company’s stock valued at $3,253,000 after purchasing an additional 5,595 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in shares of Analog Devices in the 3rd quarter valued at $2,110,000. Wealthcare Advisory Partners LLC bought a new position in shares of Analog Devices in the 3rd quarter valued at $212,000. Fieldpoint Private Securities LLC increased its stake in shares of Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new position in shares of Analog Devices in the 3rd quarter valued at $884,000. Hedge funds and other institutional investors own 88.56% of the company’s stock.

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About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It 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 ICs to support cellular infrastructure.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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