Analog Devices, Inc. (NASDAQ:ADI) receives an average PT of $243.23 from analysts

Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) has a consensus rating of Moderate Buy from the twenty-four research firms that currently cover the company, according to MarketBeat Ratings. Six equity analysts rated the company’s shares with a hold rating, and eighteen issued a buy rating. The average 12-month price target among brokerages that updated their coverage of the stock last year is $243.23.

A number of research analysts have commented on the stock recently. Barclays raised their target price on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Morgan Stanley increased their price target on Analog Devices from $221.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. On Monday, May 13, Jefferies Financial Group initiated an article on analog devices in a research report. They gave the company a “buy” rating and a target price of $250.00. Robert W. Baird raised their price target on shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd.

Check out our latest analog device stock report

Analog equipment inventory performance

On Tuesday, NASDAQ ADI opened at $232.51. Analog Devices has a fifty-two week low of $154.99 and a fifty-two week high of $241.88. The company has a market capitalization of $115.38 billion, a P/E ratio of 54.32, a price-to-earnings ratio of 3.97 and a beta of 1.14. The stock’s fifty-day moving average is $201.49 and its two-hundred-day moving average is $194.30. The company has a debt to equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported earnings per share of $1.40 for the quarter, missing the analyst consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to analyst expectations of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s revenues decreased by 33.8% compared to the same quarter last year. During the same period last year, the company saw an EPS of $2.83. On average, analysts expect Analog Devices to post 6.16 earnings per share for the current year.

Dividend announcement for analog devices

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Shareholders who hit record highs on Tuesday, June 4 will receive a dividend of $0.92. This represents an annual dividend of $3.68 and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 4. Analog Devices’ dividend payout ratio (DPR) is currently 85.98%.

Confidential transactions in analog devices

In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other news, VP Vivek Jain sold 3,479 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Additionally, Director James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction amount of $242,701.92. Following the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 24,707 shares of company stock worth $4,874,613. Currently, company insiders own 0.31% of the shares.

Institutional investors are considering analog devices

A number of institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC increased its holdings in Analog Devices by 59.5% during the first quarter. Cetera Advisors LLC now owns 12,998 shares of the semiconductor company’s stock valued at $2,571,000 after purchasing an additional 4,850 shares during the period. Cetera Investment Advisers increased its holdings in Analog Devices by 588.7% during the first quarter. Cetera Investment Advisers now owns 94,201 shares of the semiconductor company’s stock worth $18,632,000 after purchasing an additional 80,522 shares in the last quarter. Farallon Capital Management LLC increased its holdings in shares of Analog Devices by 3.3% during the first quarter. Farallon Capital Management LLC now owns 1,537,990 shares of the semiconductor company’s stock valued at $304,199,000 after purchasing an additional 48,890 shares in the last quarter. PGGM Investments purchased a new position in Analog Devices during the first quarter worth $166,000. Finally, Atria Investments Inc increased its position in shares of Analog Devices by 0.4% during the first quarter. Atria Investments Inc now owns 36,143 shares of the semiconductor company’s stock valued at $7,149,000 after purchasing an additional 149 shares in the last quarter. 86.81% of the shares are currently owned by hedge funds and other institutional investors.

Analog devices company profile

(Get the free report

Analog Devices, Inc designs, manufactures, tests and sells integrated circuits (ICs), software and subsystems in the United States, the rest of North and South America, Europe, Japan, China and the rest of Asia. The company provides data conversion products that translate real analog signals into digital data, and also translate digital data into analog signals; power management products and reference products for power conversion, controller monitoring, sequencing and energy management in the automotive, telecommunications, industrial and consumer markets; and power ICs, which include performance simulation, integration, and software design tools to achieve accurate power supply designs.

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