Analog Devices (ADI) Hits New 52-Week High at $105.83

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Analog Devices, Inc. (NASDAQ:ADI) shares hit a new 52-week high during trading on Monday . The stock traded as high as $105.83 and last traded at $105.74, with a volume of 2289419 shares. The stock had previously closed at $104.49.

Several brokerages have recently commented on ADI. Morgan Stanley reiterated an “equal weight” rating on shares of Analog Devices in a research note on Wednesday, December 19th. Zacks Investment Research upgraded Analog Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. SunTrust Banks reduced their target price on Analog Devices to $106.00 and set a “buy” rating for the company in a research note on Sunday, November 25th. B. Riley lifted their target price on Analog Devices to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, Barclays reiterated a “hold” rating and set a $102.00 target price on shares of Analog Devices in a research note on Friday, January 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $100.65.

The company has a market cap of $39.05 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.50 and a quick ratio of 1.08.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Analog Devices had a return on equity of 20.88% and a net margin of 24.12%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. Equities analysts forecast that Analog Devices, Inc. will post 5.4 EPS for the current year.

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $93.34, for a total transaction of $933,400.00. Following the completion of the transaction, the chief executive officer now owns 27,376 shares of the company’s stock, valued at approximately $2,555,275.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory N. Henderson sold 5,003 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $84.03, for a total value of $420,402.09. Following the transaction, the senior vice president now directly owns 5,389 shares of the company’s stock, valued at approximately $452,837.67. The disclosure for this sale can be found here. Insiders sold a total of 33,103 shares of company stock valued at $3,020,189 over the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB grew its position in Analog Devices by 0.5% during the 4th quarter. Nordea Investment Management AB now owns 37,703 shares of the semiconductor company’s stock worth $3,237,000 after acquiring an additional 181 shares during the last quarter. PFG Advisors bought a new stake in Analog Devices during the 4th quarter worth $854,000. Executive Wealth Management LLC bought a new stake in Analog Devices during the 4th quarter worth $974,000. Psagot Investment House Ltd. bought a new stake in Analog Devices during the 4th quarter worth $118,000. Finally, 10 15 Associates Inc. grew its position in Analog Devices by 0.7% during the 4th quarter. 10 15 Associates Inc. now owns 30,283 shares of the semiconductor company’s stock worth $2,599,000 after acquiring an additional 220 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

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Analog Devices Company Profile (NASDAQ:ADI)

Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company 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 and microwave ICs to support cellular infrastructure.

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