Jefferies Group LLC reiterated their buy rating on shares of Analog Devices, Inc. (NASDAQ:ADI) in a research note issued to investors on Monday, May 22nd. The brokerage currently has a $100.00 price objective on the semiconductor company’s stock.

Several other research firms have also commented on ADI. BMO Capital Markets reaffirmed a buy rating and issued a $96.00 price target on shares of Analog Devices in a report on Friday, March 31st. Credit Suisse Group initiated coverage on shares of Analog Devices in a report on Tuesday, March 14th. They issued an outperform rating and a $100.00 price target for the company. Zacks Investment Research raised shares of Analog Devices from a hold rating to a buy rating and set a $87.00 price target for the company in a report on Wednesday, February 15th. Wells Fargo & Company lowered shares of Analog Devices from an outperform rating to a market perform rating in a report on Thursday, February 16th. Finally, Royal Bank of Canada lifted their price target on shares of Analog Devices from $80.00 to $85.00 and gave the company an outperform rating in a report on Monday, January 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $88.67.

Shares of Analog Devices (NASDAQ:ADI) traded up 0.36% during midday trading on Monday, hitting $80.04. 5,700,640 shares of the stock were exchanged. The company has a market cap of $29.38 billion, a PE ratio of 30.65 and a beta of 1.27. Analog Devices has a 12-month low of $52.17 and a 12-month high of $90.49. The firm has a 50-day moving average price of $79.85 and a 200-day moving average price of $77.93.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. Analog Devices had a net margin of 8.15% and a return on equity of 4.91%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities analysts predict that Analog Devices will post $4.37 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Jefferies Group LLC Reaffirms Buy Rating for Analog Devices, Inc. (ADI)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/06/16/analog-devices-inc-adi-earns-buy-rating-from-jefferies-group-llc-updated-updated.html.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Friday, June 9th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. Analog Devices’s payout ratio is currently 67.92%.

In related news, CEO Vincent Roche sold 47,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total value of $4,108,750.00. Following the sale, the chief executive officer now directly owns 61,484 shares in the company, valued at approximately $5,318,366. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $81.54, for a total transaction of $244,620.00. Following the completion of the sale, the senior vice president now owns 20,404 shares in the company, valued at $1,663,742.16. The disclosure for this sale can be found here. Insiders sold a total of 115,426 shares of company stock worth $9,612,861 over the last quarter. Insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Analog Devices during the first quarter valued at $100,000. Jacobus Wealth Management Inc. purchased a new position in Analog Devices during the first quarter valued at $113,000. Heritage Trust Co purchased a new position in Analog Devices during the first quarter valued at $114,000. Parallel Advisors LLC purchased a new position in Analog Devices during the fourth quarter valued at $115,000. Finally, Guardian Life Insurance Co. of America increased its position in Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 223 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

Receive News & Stock Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related stocks with our FREE daily email newsletter.