UBS Group Lowers Analog Devices (NASDAQ:ADI) Price Target to $200.00

Analog Devices (NASDAQ:ADI) had its price objective dropped by equities research analysts at UBS Group from $210.00 to $200.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. UBS Group’s target price indicates a potential upside of 12.63% from the stock’s previous close.

A number of other brokerages have also commented on ADI. Wells Fargo & Company cut their target price on Analog Devices from $185.00 to $175.00 and set an “equal weight” rating for the company in a research note on Thursday, August 24th. Robert W. Baird dropped their price objective on Analog Devices from $235.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Susquehanna reiterated a “positive” rating and set a $215.00 price objective on shares of Analog Devices in a research note on Monday, September 18th. Piper Sandler lowered Analog Devices from an “overweight” rating to a “neutral” rating and set a $190.00 price objective for the company. in a research note on Thursday, August 24th. Finally, The Goldman Sachs Group dropped their price objective on Analog Devices from $204.00 to $188.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $203.42.

Analog Devices Stock Up 4.1 %

ADI opened at $177.58 on Monday. Analog Devices has a 1-year low of $154.99 and a 1-year high of $200.10. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $88.49 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.14 and a beta of 1.16. The business has a 50 day moving average of $171.51 and a 200-day moving average of $180.80.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 23rd. The semiconductor company reported $2.49 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.03). Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company posted $2.52 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Analog Devices will post 10.12 earnings per share for the current year.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.60, for a total value of $1,826,000.00. Following the sale, the chief executive officer now owns 70,713 shares of the company’s stock, valued at approximately $12,912,193.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADI. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Analog Devices by 106,932.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 532,163,881 shares of the semiconductor company’s stock worth $103,670,846,000 after purchasing an additional 531,666,682 shares during the last quarter. Norges Bank acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $1,040,194,000. FMR LLC boosted its stake in shares of Analog Devices by 72.8% during the 1st quarter. FMR LLC now owns 13,650,137 shares of the semiconductor company’s stock worth $2,692,080,000 after acquiring an additional 5,748,969 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Analog Devices by 360.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,144,344 shares of the semiconductor company’s stock worth $288,077,000 after acquiring an additional 4,810,035 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of Analog Devices by 101,479.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,111,943 shares of the semiconductor company’s stock worth $674,482,000 after acquiring an additional 4,107,895 shares during the period. Institutional investors and hedge funds own 85.55% of the company’s stock.

Analog Devices Company Profile

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 that include performance, integration, and software design simulation tools for accurate power supply designs.