Analog Devices, Inc. (NASDAQ:ADI) had its target price upped by stock analysts at Jefferies Group LLC to $110.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 24.08% from the stock’s current price. Jefferies Group also issued estimates for Analog Devices’ Q1 2018 earnings at $1.28 EPS, Q2 2018 earnings at $1.28 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.36 EPS and FY2018 earnings at $5.19 EPS.
A number of other equities research analysts also recently issued reports on ADI. Royal Bank Of Canada restated a “buy” rating and set a $92.00 price target on shares of Analog Devices in a research note on Friday, August 4th. B. Riley boosted their price target on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Friday, November 17th. Eleven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $95.58.
Shares of Analog Devices (NASDAQ ADI) opened at $88.65 on Wednesday. Analog Devices has a twelve month low of $68.42 and a twelve month high of $93.99. The company has a market capitalization of $32,679.56, a PE ratio of 18.94, a P/E/G ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.52.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $1.05 EPS. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. analysts predict that Analog Devices will post 5.11 earnings per share for the current fiscal year.
In other news, SVP Gregory N. Henderson sold 6,396 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.34, for a total transaction of $539,438.64. Following the transaction, the senior vice president now owns 10,327 shares of the company’s stock, valued at approximately $870,979.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. Insiders have sold a total of 132,994 shares of company stock worth $11,370,618 over the last ninety days. Insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after acquiring an additional 3,248,336 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Analog Devices by 97.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after buying an additional 2,123,268 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Analog Devices by 576.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock worth $138,903,000 after buying an additional 1,521,316 shares in the last quarter. BlackRock Inc. grew its position in shares of Analog Devices by 6.2% during the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after buying an additional 1,437,338 shares in the last quarter. Finally, Prudential PLC grew its position in shares of Analog Devices by 23,301.9% during the 2nd quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock worth $101,466,000 after buying an additional 1,298,616 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
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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