Press coverage about Analog Devices (NASDAQ:ADI) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Analog Devices earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.693193427346 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Analog Devices, Inc. (NASDAQ:ADI) – Hot Mover to Watch – Nasdaq Journal (nasdaqjournal.com)
- Analog Devices’ Stock Charts Are Still Not That Impressive (finance.yahoo.com)
- Brokerages Anticipate Analog Devices, Inc. (ADI) Will Announce Quarterly Sales of $1.47 Billion (americanbankingnews.com)
- Analog (ADI) Buys Symeo, Boosts Radar Technology Offerings (finance.yahoo.com)
- Investor’s Alert (Technicals Data Analysis) – Analog Devices Inc (NASDAQ: ADI) – Stocks Pen (stockspen.com)
A number of research firms have recently commented on ADI. Morgan Stanley restated an “overweight” rating and set a $103.00 target price (up from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Stifel Nicolaus lowered their price objective on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a report on Tuesday, November 21st. B. Riley restated a “buy” rating and set a $122.00 target price (up from $113.00) on shares of Analog Devices in a report on Wednesday, February 28th. Finally, Piper Jaffray Companies started coverage on shares of Analog Devices in a research report on Monday, December 18th. They set a “neutral” rating and a $92.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Analog Devices currently has an average rating of “Buy” and a consensus price target of $100.57.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.29 by $0.13. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The company’s quarterly revenue was up 54.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 earnings per share. research analysts predict that Analog Devices will post 5.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.92 dividend on an annualized basis and a yield of 2.04%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is 564.71%.
In other Analog Devices news, SVP Joseph Hassett sold 18,400 shares of Analog Devices stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $85.06, for a total value of $1,565,104.00. Following the transaction, the senior vice president now owns 30,139 shares in the company, valued at approximately $2,563,623.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction on Monday, March 5th. The shares were sold at an average price of $88.83, for a total transaction of $621,810.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,618 shares of company stock worth $7,554,228. 0.70% of the stock is owned by company insiders.
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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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