Weekly Changes to Investment Analyst Ratings for Analog Devices (ADI)

Analog devices (NASDAQ: ADI) recently received a number of rating updates from brokerages and research firms:

May 24, 2024 – Robert W. Baird analysts increased their price target for Analog Devices from $200.00 to $250.00. They currently have a recommendation for the stock “Outperform”.
May 23, 2024 – Susquehanna analysts increased their price target for Analog Devices from $230.00 to $280.00. They currently have a “positive” rating on the stock.
May 23, 2024 – Morgan Stanley analysts increased their price target for Analog Devices from $221.00 to $260.00. They currently have an “overweight” rating on the stock.
May 23, 2024 – JPMorgan Chase & Co. analysts raised their price target on Analog Devices from $220.00 to $260.00. They currently have an “overweight” rating on the stock.
May 23, 2024 – KeyCorp analysts increased their price target for Analog Devices from $230.00 to $285.00. They currently have an “overweight” rating on the stock.
May 23, 2024 – Analysts at Sanford C. Bernstein increased their price target for Analog Devices from $200.00 to $220.00. They now have a “market” rating for their shares.
May 23, 2024 – Needham & Company LLC analysts confirmed their “Hold” recommendation for Analog Devices.
23/05/2024 – Citigroup Inc. analysts raised their price target on Analog Devices from $220.00 to $250.00. They currently have a “buy” rating on the company’s shares.
May 23, 2024 – Analysts at UBS Group AG increased their price target for Analog Devices from USD 225.00 to USD 275.00. They currently have a “buy” rating on the company’s shares.
May 23, 2024 – Analysts from The Goldman Sachs Group, Inc. raised their price target on Analog Devices from $205.00 to $252.00. They currently have a “buy” rating on the company’s shares.
May 23, 2024 – Truist Financial Co. analysts raised their price target on Analog Devices from $222.00 to $275.00. They currently have a “buy” rating on the company’s shares.
May 23, 2024 – TD Cowen analysts increased their price target for Analog Devices from $210.00 to $270.00. They currently have a “buy” rating on the company’s shares.
23/05/2024 – Bank of America Co. analysts. raised their price target on Analog Devices from $225.00 to $260.00. They currently have a “buy” rating on the company’s shares.
May 20, 2024 – Barclays PLC analysts increased their price target for Analog Devices from USD 185.00 to USD 210.00. They now have an “equal weight” rating on the stock.
May 20, 2024 – Stifel Nicolaus analysts increased their price target for Analog Devices from $220.00 to $240.00. They currently have a “buy” rating on the stock.
May 16, 2024 – Oppenheimer Holdings Inc. analysts raised their price target on Analog Devices from $215.00 to $245.00. They currently have a recommendation for the stock “Outperform”.
May 15, 2024 – Cantor Fitzgerald analysts increased their price target for Analog Devices from $205.00 to $240.00. They currently have a “neutral” rating on the stock.
13/05/2024 – Analysts from Jefferies Financial Group Inc. they currently deal with Analog Devices. They set a “buy” rating and a $250.00 price target on the stock.
16/04/2024 – Analysts from Evercore ISI are now covering analog devices. They set an “outperform” rating and a $254.00 price target on the stock.
November 4, 2024 – Morgan Stanley analysts confirmed their “overweight” recommendation for Analog Devices. They currently have a price target of $212.00 for the stock.

Price performance of analog devices

ADI shares opened on Friday at $230.00. The company has a market capitalization of $114.13 billion, a PE ratio of 53.74, a P/E/G ratio of 3.98 and a beta of 1.14. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt to equity ratio of 0.19. The company has a fifty-day simple moving average of $203.72 and a two-hundred-day simple moving average of $195.21. Analog Devices, Inc. it has a 1-year low of $154.99 and a 1-year high of $241.88.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, $0.14 above analysts’ consensus estimates of $1.26. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company saw an EPS of $2.83. The company’s revenue for this quarter decreased by 33.8% compared to the same quarter last year. On average, stock analysts predict that Analog Devices, Inc. it will record 6.18 EPS 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 of record on Tuesday, June 4 will receive a dividend of $0.92 per share. This represents a dividend of $3.68 on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, June 4. Analog Devices’ payout ratio is 85.98%.

Confidential activity

Therefore, Director James Champy sold 1,228 shares of the company’s stock in a transaction 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 completion of the transaction, 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 legal filing filed with the Securities and Exchange Commission, available at this link. Therefore, Director James Champy sold 1,228 shares of the company’s stock in a transaction 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 completion of the transaction, 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 legal filing with the Securities and Exchange Commission, available at this link. Additionally, Vice President Vivek Jain sold 3,479 shares of the company’s stock on Thursday, April 4. The shares were sold at an average price of $197.56, for a total transaction amount of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The announcement of this sale can be found here. Over the last 90 days, insiders have sold a total of 33,737 shares of company stock worth $6,998,205. Company insiders own 0.31% of the company’s shares.

Institutional inflows and outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. In the fourth quarter, Pinnacle Bancorp Inc. increased its stake in Analog Devices shares by 101.6%. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas increased its position in shares of Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the third quarter worth approximately $29,000. Cetera Trust Company NA acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $29,000. Institutional investors hold 86.81% of the company’s shares.

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.

Price performance of analog devices

Dividend announcement for analog devices

Confidential activity

Institutional inflows and outflows

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