Analog Devices, Inc. (NASDAQ:ADI) receives an average rating of “Moderate Buy” from analysts

Analog Devices, Inc. ( NASDAQ:ADI – Get Free Report ) received a consensus rating of “Moderate Buy” from the twenty-four ratings firms covering the company, according to Marketbeat Ratings. Six investment analysts have rated the stock with a hold rating and eighteen analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that covered the company’s stock last year is $243.23.

ADI has been the subject of several reports from research analysts. Stifel Nicolaus raised their target price on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday, May 20th. Jefferies Financial Group covered shares of Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the company. Oppenheimer increased their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Citigroup increased their target price on shares of Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Truist Financial increased their price target on shares of Analog Devices from $222.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd.

View our latest analog device stock report

Confidential activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the sale, the CEO now directly owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total transaction amount of $1,974,000.00. Following the transaction, the CEO now directly owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, VP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction amount of $687,311.24. Following the sale, 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 ninety days, insiders have sold 24,707 shares of company stock worth $4,874,613. 0.31% of the shares belong to corporate insiders.

Institutional trading in analog devices

Institutional investors have recently bought and sold shares of the company. In the fourth quarter, Pinnacle Bancorp Inc. increased its shares in Analog Devices by 101.6%. After purchasing an additional 65 shares during this period, Pinnacle Bancorp Inc. currently owns 129 shares of the semiconductor company’s stock worth $26,000. USA Financial Formulas increased its position in Analog Devices by 87.8% in the 4th quarter. After acquiring an additional 65 shares during the period, USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000. Cetera Trust Company NA acquired a new position in Analog Devices during the fourth quarter worth approximately $29,000. Private Wealth Management Group LLC acquired a new position in Analog Devices during the fourth quarter worth approximately $29,000. Finally, Riverview Trust Co acquired a new position in Analog Devices during the first quarter worth approximately $30,000. Institutional investors hold 86.81% of the company’s shares.

Analog equipment inventory performance

On Tuesday, ADI opened at $232.51. The company’s 50-day moving average is $201.49 and its 200-day moving average is $194.30. The company has a market capitalization of $115.38 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 3.97 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. Analog Devices has a twelve month low of $154.99 and a twelve month high of $241.88.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, which was $0.14 ahead of the consensus estimate of $1.26. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s revenue for the quarter was $2.16 billion, compared to analyst expectations of $2.11 billion. In the same quarter last year, the company earned $2.83 per share. The company’s quarterly revenue dropped 33.8% compared to the same quarter last year. On average, analysts expect Analog Devices to post 6.16 earnings per share this year.

Dividend announcement for analog devices

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

About analog devices

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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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