Analog Devices, Inc. (ADI) Hits New 12-Month High at $93.69

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.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. research analysts forecast that Analog Devices, Inc. will post 4.62 earnings per share for the current year.

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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