StockNews.com Initiates Coverage on Analog Devices (NASDAQ:ADI)

Investment analysts at StockNews.com initiated coverage on shares of Analog Devices (NASDAQ:ADI – Get Rating) in a report issued on Thursday. The firm set a “buy” rating on the semiconductor company’s stock.

ADI has been the topic of a number of other research reports. Raymond James raised their price objective on shares of Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Credit Suisse Group lifted their price target on shares of Analog Devices from $185.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Barclays lifted their price target on shares of Analog Devices from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, January 23rd. Cowen lifted their price target on shares of Analog Devices from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, December 9th. Finally, Evercore ISI lifted their price target on shares of Analog Devices from $185.00 to $195.00 in a research report on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $213.68.

Analog Devices Price Performance

NASDAQ ADI opened at $182.93 on Thursday. Analog Devices has a 12 month low of $133.48 and a 12 month high of $196.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.50. The firm has a market capitalization of $92.54 billion, a PE ratio of 27.59, a P/E/G ratio of 1.40 and a beta of 1.14. The company’s 50 day simple moving average is $177.76 and its 200 day simple moving average is $162.62.

Analog Devices (NASDAQ:ADI – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.15. Analog Devices had a net margin of 27.27% and a return on equity of 14.69%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities research analysts forecast that Analog Devices will post 10.6 EPS for the current fiscal year.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Tunc Doluca sold 1,700 shares of Analog Devices stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $170.00, for a total transaction of $289,000.00. Following the completion of the sale, the director now owns 66,157 shares of the company’s stock, valued at approximately $11,246,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director James Champy sold 1,495 shares of Analog Devices stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $185.44, for a total value of $277,232.80. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,181,438.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tunc Doluca sold 1,700 shares of Analog Devices stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $170.00, for a total transaction of $289,000.00. Following the completion of the sale, the director now directly owns 66,157 shares of the company’s stock, valued at approximately $11,246,690. The disclosure for this sale can be found here. Insiders sold 14,195 shares of company stock valued at $2,697,723 in the last quarter. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Institutional investors and hedge funds have recently modified their holdings of the business. Kistler Tiffany Companies LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at $25,000. My Personal CFO LLC bought a new position in Analog Devices in the 4th quarter worth $29,000. Coston McIsaac & Partners bought a new position in Analog Devices in the 2nd quarter worth $27,000. CarsonAllaria Wealth Management Ltd. bought a new position in Analog Devices in the 4th quarter worth $34,000. Finally, Worth Asset Management LLC bought a new position in Analog Devices in the 1st quarter worth $33,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Analog Devices Company Profile

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.