Jefferies Group LLC reiterated their buy rating on shares of Analog Devices, Inc. (NASDAQ:ADI) in a research note released on Thursday morning. The firm currently has a $100.00 price objective on the semiconductor company’s stock.

A number of other research firms also recently weighed in on ADI. SunTrust Banks, Inc. restated a buy rating and issued a $106.00 target price on shares of Analog Devices in a report on Thursday, October 12th. BidaskClub upgraded shares of Analog Devices from a hold rating to a buy rating in a report on Saturday, October 7th. Zacks Investment Research upgraded shares of Analog Devices from a hold rating to a buy rating and set a $98.00 target price on the stock in a report on Tuesday, October 10th. Morgan Stanley restated an overweight rating and issued a $98.00 target price on shares of Analog Devices in a report on Wednesday, September 20th. Finally, Stifel Nicolaus restated a buy rating and issued a $97.00 target price on shares of Analog Devices in a report on Monday, September 25th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices presently has a consensus rating of Buy and an average price target of $93.65.

Analog Devices (NASDAQ:ADI) traded up 0.15% during mid-day trading on Thursday, reaching $88.93. 1,778,531 shares of the company’s stock traded hands. The firm has a market cap of $32.70 billion, a price-to-earnings ratio of 44.27 and a beta of 1.30. The firm’s 50-day moving average price is $85.51 and its 200 day moving average price is $80.91. Analog Devices has a one year low of $62.50 and a one year high of $90.49.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 64.9% on a year-over-year basis. On average, equities analysts forecast that Analog Devices will post $4.62 EPS for the current year.

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In other news, SVP Gregory N. Henderson sold 6,396 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $84.34, for a total value of $539,438.64. Following the completion of the sale, the senior vice president now owns 10,327 shares of the company’s stock, valued at approximately $870,979.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The disclosure for this sale can be found here. Insiders sold a total of 118,989 shares of company stock valued at $10,076,166 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Analog Devices by 3,292.7% during the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock worth $1,888,562,000 after acquiring an additional 22,366,040 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Analog Devices by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock worth $2,311,428,000 after acquiring an additional 5,506,925 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after acquiring an additional 3,248,336 shares in the last quarter. State Street Corp raised its stake in shares of Analog Devices by 20.0% during the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after acquiring an additional 2,493,568 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Analog Devices by 181.3% during the 1st quarter. Morgan Stanley now owns 2,514,178 shares of the semiconductor company’s stock worth $206,038,000 after acquiring an additional 1,620,408 shares in the last quarter. 86.59% of the stock is owned by hedge funds and other 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)

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