Needham & Company LLC maintains a hold rating on Analog (NASDAQ:ADI)

Analog Devices (NASDAQ:ADI – Download Free Report)Investment analysts at Needham & Company LLC maintained a “hold” rating in a research report issued to clients and investors on Thursday, Benzinga reports.

Several other brokerages also commented on ADI. Barclays raised their price target on Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday. Stifel Nicolaus raised their price target on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Monday. Cantor Fitzgerald raised their target price on shares of Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Bank of America raised their price target on shares of Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Goldman Sachs Group increased their target price on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Seven analysts rated the company’s shares with a hold rating, and seventeen of them gave the company’s shares a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.67.

Read our latest analog stock report

Trading in analog devices decreases by 2.1%

At noon on Thursday, Analog Devices shares fell $4.94 to $235.22. 2,079,064 shares of this stock traded compared to its average volume of 3,333,063. Analog Devices has a twelve month low of $154.99 and a twelve month high of $241.88. The company’s stock market capitalization is $116.65 billion, its price-to-earnings ratio is 42.03, its price-to-earnings growth ratio is 5.44, and its beta is 1.14. The company has a 50-day simple moving average of $199.12 and a 200-day simple moving average of $192.74. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

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 for the quarter, which topped the consensus estimate of $1.26 by $0.14. The company’s revenue for the quarter was $2.16 billion, compared to analyst estimates of $2.11 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company’s year-over-year revenues decreased by 33.8%. During the same period last year, the company saw an EPS of $2.83. Research analysts predict that Analog Devices will record 5.85 EPS this year.

Insiders buying and selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction amount of $1,970,600.00. Following the completion of the sale, the CEO now owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The transaction was disclosed in a legal filing filed with the SEC, which can be accessed through the SEC’s website. In related news, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated 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 sale, the director now owns 6,371 shares of the company’s stock valued at $1,259,164.44. The transaction was disclosed in a filing with the Securities and Exchange Commission, available on the SEC’s website. Additionally, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction amount of $1,970,600.00. Following the completion of the sale, the CEO now directly owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The announcement of this sale can be found here. Over the last 90 days, insiders have sold a total of 24,707 shares of company stock worth $4,874,613. Insiders own 0.31% of the company’s shares.

Institutional investors are considering analog devices

Several institutional investors have recently bought and sold shares of ADI. Amarillo National Bank increased its holdings in Analog Devices by 3.7% during the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 54 shares in the last quarter. Mcdonald Partners LLC increased its holdings in Analog Devices by 0.7% in the first quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock valued at $1,497,000 after purchasing an additional 54 shares during the period. Keystone Financial Services increased its holdings in Analog Devices by 1.8% during the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 55 shares during the period. Ancora Advisors LLC increased its holdings in Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 57 shares during the period. Finally, Legacy Advisors LLC increased its exposure in shares of Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds hold 86.81% of the company’s shares.

About analog devices

(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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