Cantor Fitzgerald Issues Positive Forecast for Analog Devices (NASDAQ:ADI) Stock Price

Analog Devices (NASDAQ:ADIFree Report) had its target price hoisted by Cantor Fitzgerald from $350.00 to $400.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other research analysts have also issued reports on ADI. Susquehanna raised their price target on shares of Analog Devices from $350.00 to $360.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Oppenheimer boosted their price objective on Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Cfra reiterated a “buy” rating and issued a $280.00 target price on shares of Analog Devices in a report on Tuesday, November 25th. Finally, Benchmark restated a “buy” rating and set a $285.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $318.35.

Read Our Latest Research Report on Analog Devices

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $337.51 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. Analog Devices has a 52 week low of $158.65 and a 52 week high of $343.96. The firm has a market cap of $164.92 billion, a PE ratio of 74.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. The firm’s fifty day moving average is $298.37 and its 200-day moving average is $262.58.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.Analog Devices’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. Sell-side analysts predict that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares in the company, valued at $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the sale, the senior vice president owned 12,710 shares of the company’s stock, valued at $3,831,556.60. This trade represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 53,544 shares of company stock worth $15,320,417 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Analog Devices

Institutional investors have recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new stake in Analog Devices in the 2nd quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Clayton Financial Group LLC purchased a new stake in shares of Analog Devices during the third quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd bought a new stake in Analog Devices during the third quarter worth $32,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

About Analog Devices

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Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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