Analog Devices, Inc. (NASDAQ:ADI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been given an average recommendation of “Moderate Buy” by the twenty-four ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $243.23.

Several brokerages have issued reports on ADI. Morgan Stanley lifted their target price on shares of Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. KeyCorp lifted their price target on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Stifel Nicolaus lifted their price target on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. Finally, Citigroup lifted their price target on shares of Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Champy sold 4,200 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $233.55, for a total transaction of $980,910.00. Following the completion of the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at $1,487,947.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,121 shares of company stock worth $10,875,654. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently bought and sold shares of ADI. Pinnacle Bancorp Inc. grew its stake in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares during the period. USA Financial Formulas grew its stake in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the 3rd quarter worth approximately $29,000. Cetera Trust Company N.A acquired a new stake in Analog Devices in the 4th quarter valued at $29,000. Finally, Private Wealth Management Group LLC acquired a new stake in Analog Devices in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $227.84 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices has a 52 week low of $154.99 and a 52 week high of $241.88. The firm’s fifty day moving average is $217.68 and its 200 day moving average is $201.95. The firm has a market cap of $113.06 billion, a P/E ratio of 53.23, a P/E/G ratio of 3.89 and a beta of 1.12.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue was down 33.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 EPS. Research analysts predict that Analog Devices will post 6.24 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s payout ratio is presently 85.98%.

About Analog Devices

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.