Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) have received an average rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $249.48.

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Piper Sandler decreased their target price on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Morgan Stanley decreased their price objective on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, TD Cowen dropped their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th.

View Our Latest Research Report on ADI

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the transaction, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $11,029,300. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Analog Devices during the 3rd quarter worth $28,000. Archer Investment Corp boosted its position in shares of Analog Devices by 101.4% in the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after buying an additional 73 shares during the period. Trifecta Capital Advisors LLC raised its holdings in shares of Analog Devices by 544.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 187 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 158 shares during the period. Peterson Financial Group Inc. acquired a new position in Analog Devices during the 3rd quarter worth approximately $43,000. Finally, Reston Wealth Management LLC purchased a new position in Analog Devices in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 3.7 %

NASDAQ:ADI opened at $212.37 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is $216.48 and its 200-day simple moving average is $222.88. Analog Devices has a 12-month low of $182.57 and a 12-month high of $244.14. The firm has a market cap of $105.40 billion, a P/E ratio of 64.55, a PEG ratio of 2.47 and a beta of 1.05.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. Analog Devices’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. Equities analysts anticipate that Analog Devices will post 7.15 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

Analog Devices Company Profile

(Get Free Report

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

Further Reading