Analog Devices (NASDAQ:ADI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Analog Devices (NASDAQ:ADI) from a hold rating to a buy rating in a report issued on Saturday.

Several other research firms have also commented on ADI. Benchmark reiterated a “buy” rating and set a $285.00 price objective on shares of Analog Devices in a research note on Wednesday, November 26th. KeyCorp lifted their price target on Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wells Fargo & Company set a $340.00 price objective on Analog Devices and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, BNP Paribas Exane started coverage on shares of Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $305.52.

Analog Devices Trading Down 0.6%

Shares of NASDAQ:ADI opened at $300.25 on Friday. Analog Devices has a 1 year low of $158.65 and a 1 year high of $309.17. The firm has a market capitalization of $147.02 billion, a price-to-earnings ratio of 65.84, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The business’s 50 day moving average price is $270.62 and its 200-day moving average price is $250.48.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $275.07, for a total value of $2,750,700.00. Following the transaction, the chief executive officer owned 155,688 shares of the company’s stock, valued at $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the transaction, the senior vice president directly owned 12,710 shares in the company, valued at $3,831,556.60. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,544 shares of company stock valued at $14,328,561 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC increased its position in Analog Devices by 9.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 35 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in shares of Analog Devices by 3.7% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,088 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 39 shares during the last quarter. Fragasso Financial Advisors Inc increased its position in shares of Analog Devices by 2.9% during the 4th quarter. Fragasso Financial Advisors Inc now owns 1,372 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 39 shares during the last quarter. Quent Capital LLC boosted its stake in Analog Devices by 2.4% during the third quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after buying an additional 42 shares during the period. Finally, Baader Bank Aktiengesellschaft raised its stake in shares of Analog Devices by 3.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.