Recent Research Analysts’ Ratings Changes for Analog Devices (ADI)

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Analog Devices (NASDAQ: ADI) has recently received a number of price target changes and ratings updates:

  • 11/29/2019 – Analog Devices had its price target raised by analysts at Loop Capital from $125.00 to $130.00. They now have a “positive” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/27/2019 – Analog Devices had its price target raised by analysts at Credit Suisse Group AG from $120.00 to $130.00. They now have an “outperform” rating on the stock.
  • 11/27/2019 – Analog Devices was upgraded by analysts at Raymond James to an “outperform” rating. They now have a $130.00 price target on the stock, up previously from $120.00.
  • 11/27/2019 – Analog Devices had its price target raised by analysts at BMO Capital Markets to $135.00. They now have an “outperform” rating on the stock.
  • 11/27/2019 – Analog Devices had its price target raised by analysts at Nomura from $90.00 to $100.00. They now have a “neutral” rating on the stock.
  • 11/27/2019 – Analog Devices had its price target raised by analysts at Deutsche Bank AG from $105.00 to $110.00. They now have a “hold” rating on the stock.
  • 11/27/2019 – Analog Devices had its price target raised by analysts at Morgan Stanley from $100.00 to $108.00. They now have an “equal weight” rating on the stock.
  • 11/27/2019 – Analog Devices had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $135.00 price target on the stock.
  • 11/27/2019 – Analog Devices had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $133.00 price target on the stock.
  • 10/30/2019 – Analog Devices was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $120.00 price target on the stock.
  • 10/22/2019 – Analog Devices is now covered by analysts at Daiwa Capital Markets. They set an “outperform” rating and a $121.00 price target on the stock.

NASDAQ:ADI opened at $111.26 on Tuesday. The firm has a market capitalization of $41.60 billion, a P/E ratio of 21.60, a PEG ratio of 2.23 and a beta of 1.41. Analog Devices, Inc. has a 1-year low of $80.08 and a 1-year high of $124.79. The company’s fifty day moving average price is $110.90 and its 200-day moving average price is $110.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 4.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.16 annualized dividend and a yield of 1.94%. Analog Devices’s dividend payout ratio is presently 41.94%.

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $111.22, for a total transaction of $1,112,200.00. Following the sale, the chief executive officer now owns 31,206 shares in the company, valued at $3,470,731.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Steve Pietkiewicz sold 3,419 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $108.32, for a total transaction of $370,346.08. Following the sale, the senior vice president now owns 23,491 shares in the company, valued at approximately $2,544,545.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,899 shares of company stock worth $4,696,829. 0.50% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ADI. CIBC Asset Management Inc lifted its stake in shares of Analog Devices by 1.4% in the third quarter. CIBC Asset Management Inc now owns 126,499 shares of the semiconductor company’s stock worth $14,134,000 after buying an additional 1,691 shares in the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in shares of Analog Devices in the second quarter worth about $421,000. Public Employees Retirement System of Ohio lifted its stake in shares of Analog Devices by 59.0% in the second quarter. Public Employees Retirement System of Ohio now owns 218,223 shares of the semiconductor company’s stock worth $24,631,000 after buying an additional 80,989 shares in the last quarter. NEXT Financial Group Inc lifted its stake in shares of Analog Devices by 15.9% in the third quarter. NEXT Financial Group Inc now owns 2,408 shares of the semiconductor company’s stock worth $269,000 after buying an additional 331 shares in the last quarter. Finally, Charter Trust Co. lifted its stake in shares of Analog Devices by 10.4% in the second quarter. Charter Trust Co. now owns 11,022 shares of the semiconductor company’s stock worth $1,244,000 after buying an additional 1,035 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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