Brokerages Set Analog Devices, Inc. (NASDAQ:ADI) Price Target at $251.75

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $251.75.

Several research analysts recently weighed in on ADI shares. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Barclays increased their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, KGI Securities assumed coverage on shares of Analog Devices in a report on Friday, May 23rd. They issued a "buy" rating for the company.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer owned 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the transaction, the director directly owned 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock worth $3,143,556 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Analog Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Activest Wealth Management raised its stake in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares during the period. Orion Capital Management LLC acquired a new position in Analog Devices in the fourth quarter valued at approximately $27,000. Menard Financial Group LLC purchased a new position in Analog Devices in the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Analog Devices during the first quarter worth $27,000. Finally, Mainstream Capital Management LLC purchased a new stake in Analog Devices in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 1.9%

Analog Devices stock traded up $4.51 during mid-day trading on Wednesday, reaching $245.15. 3,527,464 shares of the company were exchanged, compared to its average volume of 4,092,154. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The firm has a market cap of $121.66 billion, a P/E ratio of 66.80, a PEG ratio of 2.20 and a beta of 1.01. The business has a fifty day moving average of $217.82 and a 200 day moving average of $212.02. Analog Devices has a 12-month low of $158.65 and a 12-month high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm's revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. Research analysts anticipate that Analog Devices will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

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.