Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Analog Devices (ADI) Share Price

News coverage about Analog Devices (NASDAQ:ADI) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public 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 0.13 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.693193427346 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s rankings:

ADI has been the topic of a number of research analyst reports. Jefferies Group increased their target price on Analog Devices to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Stifel Nicolaus lowered their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. B. Riley raised their target price on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp reiterated a “buy” rating and set a $107.00 price target on shares of Analog Devices in a research report on Friday, November 24th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $100.57.

Analog Devices stock opened at $92.80 on Thursday. The firm has a market cap of $34,284.49, a P/E ratio of 17.97, a P/E/G ratio of 1.39 and a beta of 1.25. Analog Devices has a 1 year low of $74.65 and a 1 year high of $98.38. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.13. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm’s quarterly revenue was up 54.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. analysts expect that Analog Devices will post 5.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, March 8th. Analog Devices’s dividend payout ratio is currently 91.87%.

In other Analog Devices news, CAO Eileen Wynne sold 5,209 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $94.86, for a total value of $494,125.74. Following the transaction, the chief accounting officer now directly owns 3,895 shares of the company’s stock, valued at approximately $369,479.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Yusuf Jamal sold 718 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total transaction of $65,259.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,427 shares of company stock valued at $6,483,250. Company insiders own 0.70% of the company’s stock.

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About Analog Devices

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.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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