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

Shares of Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $248.63.

A number of brokerages recently weighed in on ADI. Cfra Research cut shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. Barclays boosted their price target 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. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. KGI Securities began coverage on shares of Analog Devices in a research report on Friday, May 23rd. They issued a "buy" rating for the company. Finally, Oppenheimer boosted their price target on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock worth $8,735,156 in the last ninety days. 0.33% of the stock is owned by insiders.

Institutional Trading of Analog Devices

Several large investors have recently added to or reduced their stakes in ADI. Brighton Jones LLC lifted its stake in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Analog Devices by 17.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,830 shares of the semiconductor company's stock worth $389,000 after buying an additional 277 shares during the last quarter. Tyche Wealth Partners LLC acquired a new stake in shares of Analog Devices in the fourth quarter worth $432,000. Silver Oak Securities Incorporated lifted its stake in shares of Analog Devices by 99.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,989 shares of the semiconductor company's stock worth $423,000 after buying an additional 992 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Analog Devices in the fourth quarter worth $2,799,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Up 1.9%

Analog Devices stock opened at $222.26 on Friday. Analog Devices has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The firm has a 50 day moving average price of $199.58 and a 200 day moving average price of $210.32. The company has a market capitalization of $110.30 billion, a PE ratio of 70.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company posted $1.40 EPS. The firm's revenue was up 22.3% compared to the same quarter last year. Research analysts expect that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.78%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Analog Devices announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analog Devices Company Profile

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.

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