Analog Devices, Inc. (NASDAQ:ADI) Receives $251.45 Consensus PT from Analysts

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $251.45.

A number of research firms recently issued reports on ADI. Barclays lifted their price target on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Sanford C. Bernstein upped their target price on shares of Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Morgan Stanley raised their price target on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. KeyCorp upped their price objective on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Robert W. Baird lifted their target price on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24th.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $225.07 on Thursday. The stock has a market capitalization of $111.68 billion, a price-to-earnings ratio of 52.59, a P/E/G ratio of 3.55 and a beta of 1.07. The firm’s 50-day moving average price is $224.97 and its two-hundred day moving average price is $214.58. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices has a 1-year low of $154.99 and a 1-year high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company earned $2.49 EPS. Analog Devices’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, equities analysts predict that Analog Devices will post 6.33 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.64%. Analog Devices’s dividend payout ratio is 85.98%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,640,975.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Analog Devices news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the sale, the director now directly owns 3,753 shares in the company, valued at approximately $879,365.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. The disclosure for this sale can be found here. Insiders sold a total of 31,495 shares of company stock worth $7,181,458 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Hedge funds and other institutional investors have recently made changes to their positions in the stock. USA Financial Formulas raised its stake in shares of Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares during the period. Private Wealth Management Group LLC bought a new position in shares of Analog Devices during the fourth quarter worth about $29,000. New Millennium Group LLC acquired a new stake in Analog Devices in the 2nd quarter valued at approximately $29,000. Riverview Trust Co bought a new stake in Analog Devices in the 1st quarter valued at approximately $30,000. Finally, ORG Partners LLC boosted its position in Analog Devices by 675.0% during the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

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.