Analog Devices, Inc. (NASDAQ:ADI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been assigned an average rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $249.33.

A number of research firms have recently issued reports on ADI. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Piper Sandler dropped their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. TD Cowen reduced their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Bank of America dropped their price objective on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total value of $2,289,300.00. Following the completion of the transaction, the chief executive officer now owns 45,326 shares in the company, valued at $10,376,481.18. The trade was a 18.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the sale, the executive vice president now owns 109,093 shares in the company, valued at approximately $24,447,741.30. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,000 shares of company stock valued at $24,754,600. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently made changes to their positions in ADI. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices during the 3rd quarter worth $28,000. New Millennium Group LLC purchased a new stake in Analog Devices during the 2nd quarter worth about $29,000. Archer Investment Corp boosted its position in shares of Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 73 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Analog Devices by 675.0% in the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Analog Devices during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 0.5 %

Shares of ADI opened at $216.61 on Friday. Analog Devices has a 52-week low of $181.80 and a 52-week high of $244.14. The stock has a market cap of $107.50 billion, a PE ratio of 65.84, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The firm’s fifty day moving average is $222.40 and its two-hundred day moving average is $225.64. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. Analog Devices’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.01 earnings per share. Research analysts forecast that Analog Devices will post 7.15 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be issued a $0.92 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.70%. Analog Devices’s dividend payout ratio is presently 111.85%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.