Analog Devices, Inc. (NASDAQ:ADI) reached a new 52-week high during trading on Monday . The company traded as high as $93.69 and last traded at $90.42, with a volume of 2342900 shares traded. The stock had previously closed at $90.48.
A number of research firms have commented on ADI. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Stifel Nicolaus lifted their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley reaffirmed a “buy” rating and issued a $110.00 target price on shares of Analog Devices in a research report on Thursday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, October 19th. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $93.69.
The stock has a market cap of $34,080.00, a P/E ratio of 21.13, a P/E/G ratio of 1.76 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.99 and a quick ratio of 1.52.
In other news, Director James Champy sold 12,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the sale, the director now directly owns 21,910 shares in the company, valued at approximately $1,971,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the sale, the director now owns 234,481 shares in the company, valued at $19,579,163.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,994 shares of company stock worth $11,370,618. Insiders own 1.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. bought a new stake in shares of Analog Devices in the 3rd quarter worth about $255,000. Belpointe Asset Management LLC bought a new stake in shares of Analog Devices in the 3rd quarter worth about $501,000. Cetera Investment Advisers increased its holdings in shares of Analog Devices by 59.3% in the 3rd quarter. Cetera Investment Advisers now owns 11,650 shares of the semiconductor company’s stock worth $1,009,000 after buying an additional 4,336 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Analog Devices in the 3rd quarter worth about $884,000. Finally, Yellowstone Partners LLC bought a new stake in shares of Analog Devices in the 3rd quarter worth about $620,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.
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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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