Media headlines about Analog Devices (NASDAQ:ADI) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Analog Devices earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.0217000824585 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Apple is secretly creating its own microLED screens: Bloomberg (finance.yahoo.com)
- This Tech Stock Just Raised Its Dividend, but Where's the Love? (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Analog Devices Inc. (finance.yahoo.com)
- Analog Devices Acquires Radar Tech Company Symeo (eetasia.com)
- Insider Selling: Analog Devices, Inc. (ADI) CAO Sells 5,209 Shares of Stock (americanbankingnews.com)
Shares of Analog Devices stock traded down $1.22 on Thursday, reaching $91.58. The company’s stock had a trading volume of 918,161 shares, compared to its average volume of 3,077,955. The firm has a market cap of $34,284.49, a P/E ratio of 43.64, a P/E/G ratio of 1.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31. Analog Devices has a 12 month low of $74.65 and a 12 month high of $98.38.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.10%. Analog Devices’s dividend payout ratio (DPR) is 91.87%.
ADI has been the topic of several research analyst reports. Jefferies Group boosted their price objective on Analog Devices to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Stifel Nicolaus decreased their price objective 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 upped their price objective 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 reaffirmed a “buy” rating and set a $107.00 target price on shares of Analog Devices in a research note on Friday, November 24th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.57.
In related news, CAO Eileen Wynne sold 5,209 shares of Analog Devices stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $94.86, for a total value of $494,125.74. Following the sale, the chief accounting officer now directly owns 3,895 shares in the company, valued at approximately $369,479.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $88.83, for a total value of $621,810.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,427 shares of company stock worth $6,483,250 over the last 90 days. Insiders own 0.70% of the company’s stock.
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.
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.