Shares of Analog Devices, Inc. (NASDAQ:ADI) have received a consensus recommendation of “Buy” from the thirty research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $89.63.
Several research analysts have issued reports on the company. UBS AG reaffirmed a “neutral” rating and set a $94.00 price objective (up previously from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. B. Riley reaffirmed a “buy” rating and set a $103.00 price objective on shares of Analog Devices in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price objective on shares of Analog Devices in a report on Friday, August 4th. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 price objective (up previously from $95.00) on shares of Analog Devices in a report on Thursday, June 1st.
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In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total transaction of $4,108,750.00. Following the completion of the sale, the chief executive officer now directly owns 61,484 shares in the company, valued at $5,318,366. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $81.54, for a total transaction of $244,620.00. Following the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,663,742.16. The disclosure for this sale can be found here. Insiders have sold 61,086 shares of company stock valued at $5,202,514 over the last 90 days. Company insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Family Office LLC boosted its position in shares of Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 15 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Analog Devices during the first quarter worth about $100,000. Jacobus Wealth Management Inc. purchased a new position in shares of Analog Devices during the first quarter worth about $113,000. Heritage Trust Co purchased a new position in shares of Analog Devices during the first quarter worth about $114,000. Finally, Guardian Life Insurance Co. of America boosted its position in shares of Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock worth $115,000 after buying an additional 223 shares during the period. 86.67% of the stock is currently owned by institutional investors.
Shares of Analog Devices (NASDAQ ADI) traded down 0.2305% during mid-day trading on Friday, reaching $77.3812. The company’s stock had a trading volume of 353,078 shares. The company has a 50 day moving average of $79.05 and a 200-day moving average of $79.81. The firm has a market capitalization of $28.40 billion, a P/E ratio of 29.6366 and a beta of 1.30. Analog Devices has a 12 month low of $59.01 and a 12 month high of $90.49.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. Analog Devices’s revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. Equities research analysts forecast that Analog Devices will post $4.37 EPS for the current year.
About Analog Devices
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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