Shares of Analog Devices Inc. (NASDAQ:ADI) have received a consensus rating of “Buy” from the thirty-one research firms that are presently covering the stock. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $71.00.

Several research analysts have issued reports on ADI shares. Zacks Investment Research lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. B. Riley restated a “buy” rating and set a $73.00 target price on shares of Analog Devices in a research report on Wednesday, July 27th. Evercore ISI upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, July 27th. Citigroup Inc. lowered Analog Devices from a “buy” rating to a “neutral” rating and boosted their target price for the company from $60.00 to $68.00 in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Finally, Morgan Stanley upgraded Analog Devices from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $56.00 to $78.00 in a research report on Wednesday, July 27th.

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $62.91, for a total value of $629,100.00. Following the sale, the senior vice president now directly owns 10,064 shares of the company’s stock, valued at $633,126.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Rick D. Hess sold 6,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $62.63, for a total transaction of $375,780.00. Following the completion of the sale, the senior vice president now directly owns 30,495 shares in the company, valued at $1,909,901.85. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Evercore Wealth Management LLC raised its stake in Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the company’s stock valued at $100,000 after buying an additional 123 shares during the last quarter. Peddock Capital Advisors LLC acquired a new stake in Analog Devices during the third quarter valued at approximately $101,000. Meeder Asset Management Inc. acquired a new stake in Analog Devices during the first quarter valued at approximately $112,000. NN Investment Partners Holdings N.V. raised its stake in Analog Devices by 16.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,079 shares of the company’s stock valued at $118,000 after buying an additional 300 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Analog Devices by 94.4% in the third quarter. Penserra Capital Management LLC now owns 1,932 shares of the company’s stock valued at $123,000 after buying an additional 938 shares during the last quarter. 85.99% of the stock is currently owned by institutional investors.

Shares of Analog Devices (NASDAQ:ADI) opened at 65.32 on Monday. The company has a 50 day moving average price of $63.50 and a 200 day moving average price of $60.57. Analog Devices has a 1-year low of $47.24 and a 1-year high of $66.91. The stock has a market cap of $20.08 billion, a P/E ratio of 30.85 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 17th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Analog Devices had a return on equity of 19.40% and a net margin of 19.49%. The business earned $870 million during the quarter, compared to analyst estimates of $847.43 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Analog Devices will post $2.92 EPS for the current year.

Analog Devices Company Profile

Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.

5 Day Chart for NASDAQ:ADI

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