Analog Devices, Inc. (ADI) Stock Rating Reaffirmed by Robert W. Baird
Analog Devices, Inc. (NASDAQ:ADI)‘s stock had its “outperform” rating reissued by Robert W. Baird in a research report issued on Thursday. They presently have a $100.00 target price on the semiconductor company’s stock, up from their previous target price of $98.00. Robert W. Baird’s price objective points to a potential upside of 18.51% from the company’s current price.
A number of other research analysts also recently commented on ADI. Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 target price on shares of Analog Devices in a report on Tuesday, May 9th. Zacks Investment Research downgraded Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Monday, May 22nd. Credit Suisse Group reaffirmed a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Friday, May 26th. Finally, B. Riley reaffirmed a “buy” rating and set a $103.00 target price on shares of Analog Devices in a report on Tuesday, May 30th. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $91.85.
Shares of Analog Devices (NASDAQ ADI) opened at 84.38 on Thursday. Analog Devices has a 52 week low of $59.01 and a 52 week high of $90.49. The stock has a market cap of $30.97 billion, a PE ratio of 32.32 and a beta of 1.28. The firm has a 50-day moving average price of $79.59 and a 200-day moving average price of $80.13.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $0.82 EPS. Analog Devices’s quarterly revenue was up 64.9% compared to the same quarter last year. On average, analysts forecast that Analog Devices will post $4.59 earnings per share for the current fiscal year.
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In other news, Director Bruce R. Evans purchased 14,000 shares of the stock in a transaction dated Friday, July 7th. The shares were bought at an average cost of $78.28 per share, for a total transaction of $1,095,920.00. Following the transaction, the director now owns 67,540 shares in the company, valued at $5,287,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $80.28, for a total value of $240,840.00. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at $1,638,033.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,487 shares of company stock worth $1,992,008. 1.10% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors boosted its position in shares of Analog Devices by 14.0% in the first quarter. Nationwide Fund Advisors now owns 153,484 shares of the semiconductor company’s stock worth $12,578,000 after buying an additional 18,794 shares during the last quarter. Waldron LP boosted its position in shares of Analog Devices by 40.9% in the first quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after buying an additional 1,210 shares during the last quarter. Strs Ohio boosted its position in shares of Analog Devices by 83.6% in the first quarter. Strs Ohio now owns 8,063 shares of the semiconductor company’s stock worth $660,000 after buying an additional 3,671 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Analog Devices by 35.1% in the first quarter. Russell Investments Group Ltd. now owns 314,367 shares of the semiconductor company’s stock worth $25,781,000 after buying an additional 81,722 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its position in shares of Analog Devices by 7.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 10,791 shares of the semiconductor company’s stock worth $884,000 after buying an additional 714 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.
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.
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