Stifel Nicolaus Increases Analog Devices, Inc. (ADI) Price Target to $98.00

Analog Devices, Inc. (NASDAQ:ADI) had its target price raised by Stifel Nicolaus from $97.00 to $98.00 in a report released on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Analog Devices from a buy rating to a hold rating in a research report on Friday, November 10th. Jefferies Group LLC restated a buy rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, October 19th. SunTrust Banks, Inc. restated a buy rating and set a $106.00 target price on shares of Analog Devices in a research report on Thursday, October 12th. Zacks Investment Research upgraded Analog Devices from a hold rating to a buy rating and set a $98.00 target price on the stock in a research report on Tuesday, October 10th. Finally, Morgan Stanley restated an overweight rating and set a $98.00 target price on shares of Analog Devices in a research report on Wednesday, September 20th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Analog Devices presently has an average rating of Buy and an average target price of $93.69.

Analog Devices (NASDAQ:ADI) opened at $91.21 on Thursday. The stock has a market capitalization of $33,240.00, a P/E ratio of 21.13, a PEG ratio of 1.76 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83. Analog Devices has a twelve month low of $67.62 and a twelve month high of $92.96.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. Analog Devices’s quarterly revenue was up 64.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. analysts anticipate that Analog Devices will post 4.62 EPS for the current year.

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In other news, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the completion of the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at $1,111,301.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the transaction, the director now owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders sold 132,994 shares of company stock valued at $11,370,618 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 475 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in Analog Devices in the 2nd quarter worth approximately $119,000. WFG Advisors LP raised its holdings in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC raised its holdings in Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Finally, Clear Perspective Advisors LLC raised its holdings in Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analog Devices Company Profile

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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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