Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-three analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $250.20.

ADI has been the subject of a number of research analyst reports. Barclays lowered their price target on Analog Devices from $240.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Citigroup lowered their price target on Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a report on Friday, April 11th. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th.

Analog Devices Stock Up 0.1%

Shares of Analog Devices stock traded up $0.30 on Tuesday, reaching $227.12. 3,044,623 shares of the company were exchanged, compared to its average volume of 3,509,991. Analog Devices has a 1-year low of $158.65 and a 1-year high of $247.10. The company has a market cap of $112.65 billion, a P/E ratio of 72.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The stock's 50 day moving average price is $196.01 and its 200-day moving average price is $210.63.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. As a group, equities analysts forecast that Analog Devices will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a $0.99 dividend. This is a boost from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 1.74%. Analog Devices's dividend payout ratio is presently 126.11%.

Analog Devices declared that its board has initiated a stock buyback program on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the sale, the executive vice president now owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the sale, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Analog Devices

A number of hedge funds have recently added to or reduced their stakes in ADI. Activest Wealth Management raised its holdings in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after buying an additional 127 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Analog Devices during the 1st quarter valued at about $27,000. Finally, Mainstream Capital Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $30,000. 86.81% of the stock is owned by institutional investors and hedge funds.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. 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 consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.