Analog Devices, Inc. (NASDAQ:ADI) Receives Average Recommendation of “Buy” from Analysts

Analog Devices, Inc. (NASDAQ:ADIGet Rating) has been given a consensus recommendation of “Buy” by the twenty-three research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $199.10.

ADI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Analog Devices from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Thursday, February 17th. Daiwa Capital Markets reduced their price objective on Analog Devices from $217.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 17th. UBS Group raised their price objective on Analog Devices from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 17th. Oppenheimer reissued an “outperform” rating and issued a $210.00 price objective on shares of Analog Devices in a research note on Thursday, April 7th. Finally, Morgan Stanley raised their price objective on Analog Devices from $194.00 to $196.00 and gave the company an “equal weight” rating in a research note on Thursday, February 17th.

Shares of ADI opened at $156.13 on Monday. Analog Devices has a 1 year low of $143.81 and a 1 year high of $191.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.09 and a quick ratio of 1.65. The company has a market capitalization of $81.71 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07. The business has a 50-day moving average of $158.67 and a 200-day moving average of $167.75.

Analog Devices (NASDAQ:ADIGet Rating) last released its earnings results on Wednesday, February 16th. The semiconductor company reported $1.94 EPS for the quarter, topping the 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 last year, the firm posted $1.44 earnings per share. The firm’s revenue was up 72.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Analog Devices will post 8.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Investors of record on Friday, February 25th were issued a dividend of $0.76 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.69. This represents a $3.04 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 24th. Analog Devices’s dividend payout ratio (DPR) is 95.60%.

In related news, Director Tunc Doluca sold 4,600 shares of Analog Devices stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $170.00, for a total transaction of $782,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 14,000 shares of company stock worth $2,315,422 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Analog Devices by 48.1% in the third quarter. BlackRock Inc. now owns 43,693,296 shares of the semiconductor company’s stock valued at $7,317,754,000 after buying an additional 14,189,157 shares during the period. State Street Corp grew its position in shares of Analog Devices by 2.7% in the fourth quarter. State Street Corp now owns 21,482,120 shares of the semiconductor company’s stock valued at $3,775,912,000 after purchasing an additional 569,252 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Analog Devices by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 8,832,559 shares of the semiconductor company’s stock valued at $1,548,089,000 after purchasing an additional 305,461 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Analog Devices by 73.5% in the third quarter. Wellington Management Group LLP now owns 8,524,894 shares of the semiconductor company’s stock valued at $1,427,749,000 after purchasing an additional 3,612,571 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Analog Devices by 1.5% in the fourth quarter. Invesco Ltd. now owns 7,893,756 shares of the semiconductor company’s stock valued at $1,387,487,000 after purchasing an additional 120,370 shares in the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Analog Devices Company Profile (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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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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