BidaskClub downgraded shares of Analog Devices (NASDAQ:ADI) from a buy rating to a hold rating in a research report sent to investors on Thursday.

ADI has been the subject of several other research reports. Stifel Nicolaus raised their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a buy rating in a report on Thursday, November 16th. Jefferies Group reissued a buy rating and set a $100.00 target price on shares of Analog Devices in a report on Thursday, October 19th. B. Riley reissued a buy rating and set a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Zacks Investment Research raised shares of Analog Devices from a hold rating to a buy rating and set a $98.00 target price for the company in a report on Tuesday, October 10th. Finally, Oppenheimer reissued a buy rating and set a $100.00 target price on shares of Analog Devices in a report on Friday, November 17th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Analog Devices currently has an average rating of Buy and an average target price of $97.21.

Shares of Analog Devices (NASDAQ ADI) traded up $0.83 during trading on Thursday, hitting $92.02. 3,175,716 shares of the company traded hands, compared to its average volume of 2,530,000. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices has a 12-month low of $71.85 and a 12-month high of $93.99. The stock has a market capitalization of $33,920.00, a PE ratio of 46.47, a PEG ratio of 1.70 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. analysts predict that Analog Devices will post 5.2 earnings per share for the current fiscal year.

In related news, SVP Gregory N. Henderson sold 4,000 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.52, for a total transaction of $366,080.00. Following the transaction, the senior vice president now directly owns 1,163 shares in the company, valued at $106,437.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $89.43, for a total transaction of $402,882.15. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at $1,210,077.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,566 shares of company stock worth $15,473,748. Company insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sawyer & Company Inc acquired a new position in Analog Devices during the fourth quarter worth about $1,027,000. Jaffetilchin Investment Partners LLC boosted its position in Analog Devices by 76.9% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,095 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 2,215 shares during the last quarter. Sit Investment Associates Inc. boosted its position in Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. New England Research & Management Inc. boosted its position in Analog Devices by 38.4% during the fourth quarter. New England Research & Management Inc. now owns 21,892 shares of the semiconductor company’s stock worth $1,949,000 after acquiring an additional 6,075 shares during the last quarter. Finally, Copper Rock Capital Partners LLC boosted its position in Analog Devices by 47.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 110,625 shares of the semiconductor company’s stock worth $9,888,000 after acquiring an additional 35,687 shares during the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

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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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