BidaskClub downgraded shares of Analog Devices, Inc. (NASDAQ:ADI) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other research firms also recently issued reports on ADI. B. Riley restated a buy rating and issued a $103.00 price objective on shares of Analog Devices in a research note on Tuesday, May 30th. UBS AG restated a neutral rating and issued a $94.00 price objective (up previously from $83.00) on shares of Analog Devices in a research note on Saturday, June 3rd. Jefferies Group LLC restated a buy rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Monday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Analog Devices from $92.00 to $95.00 and gave the company an outperform rating in a research note on Thursday, August 31st. Finally, Raymond James Financial, Inc. assumed coverage on shares of Analog Devices in a research note on Friday, June 16th. They issued a market perform rating for the company. Twelve 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 presently has an average rating of Buy and a consensus target price of $91.85.

Shares of Analog Devices (NASDAQ:ADI) traded down 0.81% on Friday, hitting $80.44. The stock had a trading volume of 2,695,414 shares. Analog Devices has a 12-month low of $59.01 and a 12-month high of $90.49. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 30.81 and a beta of 1.29. The stock has a 50 day moving average of $79.63 and a 200 day moving average of $80.15.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. Analog Devices’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. Equities analysts predict that Analog Devices will post $4.62 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Analog Devices, Inc. (ADI) Downgraded by BidaskClub to Hold” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/10/analog-devices-inc-adi-downgraded-by-bidaskclub-to-hold.html.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.24%. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.

In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.81, for a total value of $233,430.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,587,635.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joseph Hassett sold 11,280 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $83.76, for a total transaction of $944,812.80. Following the completion of the transaction, the senior vice president now directly owns 23,019 shares of the company’s stock, valued at $1,928,071.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,686 shares of company stock valued at $3,780,282. 1.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ADI. Lazard Asset Management LLC purchased a new position in Analog Devices in the first quarter valued at about $100,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Analog Devices by 51.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 475 shares in the last quarter. Jacobus Wealth Management Inc. purchased a new position in shares of Analog Devices during the 1st quarter worth approximately $113,000. Heritage Trust Co purchased a new position in shares of Analog Devices during the 1st quarter worth approximately $114,000. Finally, Guardian Life Insurance Co. of America increased its stake in shares of Analog Devices by 18.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 223 shares in the last quarter. 86.87% of the stock is owned by institutional investors.

Analog Devices Company Profile

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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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.