UBS Group Lowers Analog Devices (NASDAQ:ADI) Price Target to $280.00

Analog Devices (NASDAQ:ADI - Get Free Report) had its price objective decreased by equities researchers at UBS Group from $285.00 to $280.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. UBS Group's price objective would suggest a potential upside of 14.22% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the stock an "equal weight" rating in a report on Monday, June 16th. Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Piper Sandler lowered their target price on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus lifted their price target on shares of Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Barclays lifted their target price on shares of Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.06.

Analog Devices Trading Up 1.4%

Shares of ADI traded up $3.34 during mid-day trading on Monday, hitting $245.15. 3,964,064 shares of the company's stock traded hands, compared to its average volume of 3,605,045. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices has a 1 year low of $158.65 and a 1 year high of $248.01. The firm has a market capitalization of $121.66 billion, a P/E ratio of 66.80, a PEG ratio of 2.23 and a beta of 1.02. The business's 50-day moving average price is $223.12 and its 200-day moving average price is $213.18.

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

Insider Activity

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

Institutional Trading of Analog Devices

A number of hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after buying an additional 529 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Analog Devices by 4.0% in the 4th quarter. Proficio Capital Partners LLC now owns 14,465 shares of the semiconductor company's stock valued at $3,073,000 after acquiring an additional 562 shares during the period. Edgestream Partners L.P. bought a new position in shares of Analog Devices in the 4th quarter worth $1,386,000. Machina Capital S.A.S. bought a new stake in Analog Devices during the fourth quarter valued at about $223,000. Finally, Banco Santander S.A. grew its stake in Analog Devices by 21.6% in the fourth quarter. Banco Santander S.A. now owns 5,568 shares of the semiconductor company's stock valued at $1,183,000 after purchasing an additional 989 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

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.