Analog Devices (NASDAQ:ADI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Analog Devices (NASDAQ:ADI – Get Rating) in a report released on Thursday morning. The firm issued a buy rating on the semiconductor company’s stock.

ADI has been the subject of several other research reports. UBS Group upped their target price on Analog Devices from $195.00 to $225.00 and gave the stock a buy rating in a research note on Thursday, February 16th. Credit Suisse Group lifted their target price on Analog Devices from $185.00 to $225.00 and gave the stock a buy rating in a report on Thursday, February 16th. Deutsche Bank Aktiengesellschaft upped their target price on Analog Devices from $170.00 to $200.00 in a research report on Thursday, February 16th. Sanford C. Bernstein upped their target price on Analog Devices from $200.00 to $220.00 and gave the stock an outperform rating in a research note on Thursday, February 16th. Finally, Cowen increased their target price on Analog Devices from $200.00 to $225.00 and gave the company an outperform rating in a report on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $213.68.

Analog Devices Stock Down 0.4 %

Analog Devices stock opened at $185.85 on Thursday. The company has a market capitalization of $94.01 billion, a P/E ratio of 28.03, a P/E/G ratio of 1.41 and a beta of 1.14. Analog Devices has a 1-year low of $133.48 and a 1-year high of $196.41. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $178.70 and its 200-day simple moving average is $163.07.

Analog Devices (NASDAQ:ADI – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.15. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Analog Devices had a net margin of 27.27% and a return on equity of 14.69%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 earnings per share. Sell-side analysts forecast that Analog Devices will post 10.6 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 8th. Stockholders of record on Monday, February 27th were given a dividend of $0.86 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.76. This represents a $3.44 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, February 24th. Analog Devices’s dividend payout ratio (DPR) is currently 51.89%.

Insider Activity at Analog Devices

In related news, Director Tunc Doluca sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $194.34, for a total value of $1,166,040.00. Following the transaction, the director now owns 61,157 shares in the company, valued at approximately $11,885,251.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Tunc Doluca sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $194.34, for a total transaction of $1,166,040.00. Following the completion of the sale, the director now directly owns 61,157 shares of the company’s stock, valued at approximately $11,885,251.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Champy sold 1,495 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $185.44, for a total transaction of $277,232.80. Following the completion of the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at $1,181,438.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,195 shares of company stock worth $2,697,723. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADI. Markel Corp raised its position in shares of Analog Devices by 1.4% during the first quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock valued at $178,034,000 after buying an additional 15,150 shares during the last quarter. Fairfield Bush & CO. acquired a new position in shares of Analog Devices during the first quarter worth approximately $82,000. United Bank lifted its position in shares of Analog Devices by 24.7% during the first quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock worth $1,098,000 after purchasing an additional 1,315 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Analog Devices by 34.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 412 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Analog Devices by 14.5% in the first quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after buying an additional 14,718 shares during the period. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

About Analog Devices

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.