Analog Devices, Inc. (ADI) Price Target Increased to $98.00 by Analysts at Stifel Nicolaus
Analog Devices, Inc. (NASDAQ:ADI) had its price objective lifted by Stifel Nicolaus from $97.00 to $98.00 in a research report report published on Thursday. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.
A number of other research firms have also recently issued reports on ADI. BidaskClub cut Analog Devices from a hold rating to a sell rating in a research report on Saturday, August 5th. Citigroup Inc. reissued a neutral rating and set a $88.00 price objective (down previously from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Royal Bank Of Canada reissued a buy rating and set a $92.00 price objective on shares of Analog Devices in a research report on Friday, August 4th. Robert W. Baird reissued an outperform rating and set a $100.00 price objective (up previously from $98.00) on shares of Analog Devices in a research report on Thursday, August 31st. Finally, Instinet raised Analog Devices from a reduce rating to a neutral rating and lifted their price objective for the company from $72.50 to $80.00 in a research report on Thursday, August 31st. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $93.69.
Shares of Analog Devices (NASDAQ ADI) traded down $0.06 during trading on Thursday, hitting $90.42. The stock had a trading volume of 2,342,415 shares, compared to its average volume of 2,926,695. The firm has a market capitalization of $33,270.00, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of 1.32. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. Analog Devices has a 1-year low of $67.62 and a 1-year high of $92.96.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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 was up 64.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. research analysts anticipate that Analog Devices will post 4.62 earnings per share for the current fiscal year.
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In other news, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total value of $369,995.65. Following the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,111,301.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the transaction, the director now directly owns 234,481 shares in the company, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold 135,994 shares of company stock worth $11,604,048 over the last ninety days. Company insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pathstone Family Office LLC boosted its holdings in shares of Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 15 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 475 shares in the last quarter. Fieldpoint Private Securities LLC boosted its holdings in shares of Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares in the last quarter. Clear Perspective Advisors LLC boosted its holdings in shares of Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Analog Devices in the 2nd quarter worth approximately $119,000. 86.42% of the stock is currently owned by institutional investors and hedge funds.
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.
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