Analog Devices, Inc. (ADI) Given Buy Rating at KeyCorp
Analog Devices, Inc. (NASDAQ:ADI)‘s stock had its “buy” rating reissued by KeyCorp in a research note issued on Friday. They presently have a $107.00 price target on the semiconductor company’s stock. KeyCorp’s target price indicates a potential upside of 20.70% from the company’s current price. KeyCorp also issued estimates for Analog Devices’ Q1 2018 earnings at $1.28 EPS, Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.37 EPS, Q4 2018 earnings at $1.37 EPS and Q1 2019 earnings at $1.30 EPS.
Several other equities research analysts have also weighed in on ADI. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of Analog Devices in a report on Friday, August 4th. B. Riley lifted their price objective on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus decreased their price objective on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $103.00 price objective (up previously from $98.00) on shares of Analog Devices in a report on Wednesday. Finally, BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $96.04.
Shares of Analog Devices (NASDAQ:ADI) opened at $88.65 on Friday. Analog Devices has a 12-month low of $68.42 and a 12-month high of $93.99. The stock has a market capitalization of $32,679.56, a price-to-earnings ratio of 18.94, a PEG ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.52 and a current ratio of 1.47.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. sell-side analysts predict that Analog Devices will post 5.11 earnings per share for the current year.
In other news, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the completion of the sale, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,111,301.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $83.50, for a total value of $2,087,500.00. Following the sale, the director now owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,994 shares of company stock valued at $11,370,618. 1.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Boston Family Office LLC boosted its position in shares of Analog Devices by 37.9% during the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 2,004 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Analog Devices during the 2nd quarter valued at about $1,130,000. Renaissance Technologies LLC boosted its position in shares of Analog Devices by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock valued at $171,774,000 after acquiring an additional 94,804 shares during the last quarter. Dupont Capital Management Corp boosted its position in shares of Analog Devices by 34.2% during the 2nd quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock valued at $1,127,000 after acquiring an additional 3,690 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Analog Devices during the 2nd quarter valued at about $412,000. Hedge funds and other institutional investors own 87.44% 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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