Analog Devices (NASDAQ:ADI) price target raised to $260.00 at JPMorgan Chase & Co.

Analog Devices (NASDAQ:ADI – Free Report) JPMorgan Chase & Co. said in a research note published Thursday morning. raised its price target from $220.00 to $260.00, Benzinga reports. JPMorgan Chase & Co. currently has an over rating on the semiconductor company’s stock.

ADI has been the subject of several other research reports. Goldman Sachs Group increased their price target on Analog Equipment from $191.00 to $205.00 and gave the stock a “buy” in a report on Thursday, February 22nd. KeyCorp raised their price target on Analog Devices from $230.00 to $285.00 and gave the stock an outperform rating in a research report on Thursday. Truist Financial lowered their target price on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Barclays raised their price target on Analog Devices from $185.00 to $210.00 and gave the stock the same rating in a research report on Monday. Finally, on Monday, May 13, Jefferies Financial Group began covering analog devices in a research report. They issued a Buy rating and a $250.00 price target for the company. Seven analysts have rated the stock with a hold rating and eighteen analysts have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.75.

Download our latest report on analog devices

Analog device stocks fell 2.3%

On Thursday, ADI opened at $234.56. The company has a 50-day moving average of $199.92 and a 200-day moving average of $193.03. The company has a debt to equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. 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 $116.32 billion, a PE ratio of 41.96, a price-to-earnings ratio of 5.44 and a beta of 1.14.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported earnings per share of $1.40 for the quarter, $0.14 above analysts’ consensus estimates of $1.26. The company’s revenue for the quarter was $2.16 billion, compared to the consensus estimate of $2.11 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The company’s revenues decreased by 33.8% compared to the same quarter last year. During the same period last year, the company earned $2.83 EPS. Equity research analysts forecast that Analog Devices will post 5.85 EPS for the current fiscal year.

Dividend announcement for analog devices

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Stockholders of record on Tuesday, June 4 will receive a dividend of $0.92. The ex-dividend date is Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a yield of 1.57%. Analog Devices’ payout ratio is 65.83%.

Buying and selling confidential information in analog devices

In other Analog Devices news, CEO 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 transaction, the director now directly owns 6,371 shares of the company’s stock valued at $1,259,164.44. The transaction was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Analog Devices news, CEO 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 transaction, the director now directly owns 6,371 shares of the company’s stock valued at $1,259,164.44. The transaction was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. 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 value of $1,970,600.00. Following the transaction, the CEO now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 24,707 shares of company stock worth $4,874,613. Company insiders own 0.31% of the company’s shares.

Institutional inflows and outflows

Several institutional investors and hedge funds have recently modified their holdings in the company. In the first quarter, Vanguard Group Inc. increased its position in Analog Devices shares by 4.7%. Vanguard Group Inc. now owns 47,716,169 shares of the semiconductor company’s stock worth $9,437,781,000 after purchasing an additional 2,160,668 shares during the period. In the fourth quarter, Massachusetts Financial Services Co. MA increased its stake in Analog Devices by 8.6%. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock valued at $2,991,436,000 after acquiring an additional 1,197,215 shares in the last quarter. In the third quarter, Invesco Ltd. strengthened its position in the analog devices segment by 7.5%. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock valued at $1,751,475,000 after purchasing an additional 701,367 shares in the last quarter. Price T Rowe Associates Inc. MD strengthened its position in the analog devices segment by 19.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,163,882 shares of the semiconductor company’s stock valued at $1,614,735,000 after purchasing an additional 1,330,242 shares in the last quarter. Finally, Norges Bank acquired a new position in Analog Devices during the fourth quarter worth approximately $1,225,227,000. The owners of 86.81% of the shares are institutional investors and hedge funds.

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.

See also

Get analog news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for analog and related companies with MarketBeat.com’s FREE daily email newsletter.