Shares of Analog Devices, Inc. (NASDAQ:ADI) have been assigned an average rating of “Buy” from the thirty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $91.71.
Several research analysts recently issued reports on the stock. UBS AG reiterated a “neutral” rating and set a $94.00 price target (up previously from $83.00) on shares of Analog Devices in a research report on Saturday, June 3rd. B. Riley reiterated a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Analog Devices in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday.
Analog Devices (ADI) traded down 0.47% during trading on Tuesday, reaching $81.83. 600,932 shares of the company’s stock traded hands. Analog Devices has a 12 month low of $59.54 and a 12 month high of $90.49. The company has a market capitalization of $30.03 billion, a price-to-earnings ratio of 31.34 and a beta of 1.29. The firm’s 50 day moving average is $79.65 and its 200-day moving average is $80.11.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 64.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. Analysts expect that Analog Devices will post $4.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 7th. Analog Devices’s payout ratio is presently 86.12%.
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In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total transaction of $240,840.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,638,033.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Evans purchased 14,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were acquired at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the acquisition, the director now directly owns 67,540 shares in the company, valued at $5,287,031.20. The disclosure for this purchase can be found here. In the last three months, insiders sold 45,686 shares of company stock valued at $3,780,282. 1.10% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. acquired a new stake in Analog Devices during the 2nd quarter valued at $205,000. Achmea Investment Management B.V. lifted its holdings in Analog Devices by 17.5% during the 2nd quarter. Achmea Investment Management B.V. now owns 33,887 shares of the semiconductor company’s stock valued at $2,634,000 after purchasing an additional 5,058 shares during the last quarter. Hall Laurie J Trustee lifted its holdings in Analog Devices by 1.7% during the 2nd quarter. Hall Laurie J Trustee now owns 16,435 shares of the semiconductor company’s stock valued at $1,279,000 after purchasing an additional 274 shares during the last quarter. WFG Advisors LP lifted its holdings in Analog Devices by 26.4% during the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 330 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Analog Devices by 25.4% during the 2nd quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock valued at $10,021,000 after purchasing an additional 26,076 shares during the last quarter. 86.72% of the stock is owned by institutional investors and hedge funds.
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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