Analog Devices (NASDAQ:ADI) Given New $280.00 Price Target at UBS Group

Analog Devices (NASDAQ:ADI - Get Free Report) had its price target cut by UBS Group from $285.00 to $280.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. UBS Group's target price would suggest a potential upside of 15.37% from the company's current price.

A number of other research analysts have also issued reports on the stock. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and upped their price target for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Noble Financial raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Seaport Res Ptn upgraded shares of Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.44.

Analog Devices Trading Down 1.2%

NASDAQ:ADI traded down $2.99 during trading hours on Monday, reaching $242.69. The company's stock had a trading volume of 742,126 shares, compared to its average volume of 3,588,107. The firm has a market capitalization of $120.43 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 2.27 and a beta of 1.02. The firm has a 50-day simple moving average of $221.10 and a 200-day simple moving average of $212.75. Analog Devices has a 1 year low of $158.65 and a 1 year high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.15. The firm had revenue of $2.64 billion for 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 business's revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Research analysts expect that Analog Devices will post 7.14 EPS for the current fiscal year.

Insider Buying and Selling at Analog Devices

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

Institutional Investors Weigh In On Analog Devices

A number of large investors have recently made changes to their positions in ADI. Activest Wealth Management grew its holdings in shares of Analog Devices by 6,350.0% during the first 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 last quarter. Orion Capital Management LLC purchased a new stake in Analog Devices in the fourth quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the fourth quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the first quarter valued at $27,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Analog Devices in the fourth quarter valued at $30,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

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.

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