Media headlines about Analog Devices (NASDAQ:ADI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Analog Devices earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 47.3759388313413 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Performance Evaluation – Analog Devices, Inc. (NASDAQ: ADI) – The Investor Guide (wallstreetnews24.com)
- [$$] Why Broadcom’s Plan B Looks Complicated (finance.yahoo.com)
- Analog Devices, Inc. (NASDAQ:ADI) – Performance Evaluation – Nasdaq Journal (nasdaqjournal.com)
- Hair-Raising Facts to Know – Analog Devices Inc (NASDAQ: ADI) – Alpha Beta Stock (alphabetastock.com)
- Analyst mean rating stands at 2.10while Analog Devices, Inc. (ADI) closes Yesterday with change of -0.60% – Nasdaq Fortune (press release) (nasdaqfortune.com)
Several research firms have recently issued reports on ADI. Zacks Investment Research lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank boosted their price objective on shares of Analog Devices from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Thursday, March 1st. Nomura boosted their price objective on shares of Analog Devices from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 1st. Argus boosted their price objective on shares of Analog Devices from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. They noted that the move was a valuation call. Finally, KeyCorp boosted their price target on shares of Analog Devices from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, March 1st. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $100.57.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. research analysts predict that Analog Devices will post 5.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is presently 91.87%.
In other news, SVP Yusuf Jamal sold 718 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total value of $65,259.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Gregory N. Henderson sold 4,000 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the transaction, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,218 shares of company stock worth $5,989,124. Insiders own 1.10% of the company’s stock.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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