Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Rating of “Buy” by Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADIGet Rating) have received an average rating of “Buy” from the twenty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $199.10.

Several equities research analysts recently weighed in on ADI shares. Barclays reduced their target price on Analog Devices from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, January 12th. Truist Financial cut their price target on Analog Devices from $208.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 8th. Citigroup cut their price target on Analog Devices from $216.00 to $192.00 and set a “buy” rating for the company in a report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft cut their price target on Analog Devices from $200.00 to $185.00 and set a “hold” rating for the company in a report on Thursday, February 17th. Finally, StockNews.com began coverage on Analog Devices in a report on Thursday, March 31st. They set a “hold” rating for the company.

In related news, Director Tunc Doluca sold 4,700 shares of Analog Devices stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $164.10, for a total value of $771,270.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 18,700 shares of company stock worth $3,086,692. 0.47% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ADI. Knowledge Leaders Capital LLC boosted its stake in Analog Devices by 1.2% during the third quarter. Knowledge Leaders Capital LLC now owns 4,704 shares of the semiconductor company’s stock valued at $788,000 after buying an additional 56 shares during the period. Integrated Investment Consultants LLC boosted its stake in Analog Devices by 2.6% during the third quarter. Integrated Investment Consultants LLC now owns 2,433 shares of the semiconductor company’s stock valued at $407,000 after buying an additional 61 shares during the period. Midwest Professional Planners LTD. boosted its stake in Analog Devices by 1.4% during the third quarter. Midwest Professional Planners LTD. now owns 4,502 shares of the semiconductor company’s stock valued at $754,000 after buying an additional 62 shares during the period. Retirement Group LLC boosted its stake in Analog Devices by 5.5% during the third quarter. Retirement Group LLC now owns 1,209 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 63 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its stake in Analog Devices by 0.4% during the fourth quarter. Trust Co. of Toledo NA OH now owns 17,907 shares of the semiconductor company’s stock valued at $3,147,000 after buying an additional 65 shares during the period. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ADI opened at $158.12 on Thursday. The stock has a market cap of $82.75 billion, a price-to-earnings ratio of 49.72, a PEG ratio of 1.54 and a beta of 1.10. The business has a 50 day simple moving average of $159.64 and a 200 day simple moving average of $169.17. Analog Devices has a 52 week low of $143.81 and a 52 week high of $191.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.65 and a current ratio of 2.09.

Analog Devices (NASDAQ:ADIGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The semiconductor company reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.15. Analog Devices had a return on equity of 12.35% and a net margin of 15.18%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The firm’s quarterly revenue was up 72.2% compared to the same quarter last year. On average, analysts predict that Analog Devices will post 8.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 8th. Investors of record on Friday, February 25th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, February 24th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.69. Analog Devices’s dividend payout ratio (DPR) is currently 95.60%.

About Analog Devices (Get Rating)

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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