Analog Devices (NASDAQ:ADI) had its target price raised by analysts at KeyCorp from $135.00 to $145.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The firm presently has an "overweight" rating on the semiconductor company's stock. KeyCorp's price objective suggests a potential upside of 17.29% from the stock's current price.
Several other research analysts have also recently commented on ADI. Zacks Investment Research cut Analog Devices from a "hold" rating to a "sell" rating and set a $109.00 target price for the company. in a research note on Thursday, May 14th. SunTrust Banks boosted their price objective on Analog Devices from $93.00 to $104.00 and gave the stock a "hold" rating in a research report on Tuesday, June 30th. Oppenheimer initiated coverage on shares of Analog Devices in a research note on Wednesday, June 10th. They set a "buy" rating and a $140.00 target price on the stock. Barclays decreased their price target on shares of Analog Devices from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 17th. Finally, Credit Suisse Group reaffirmed a "buy" rating and set a $130.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Analog Devices presently has a consensus rating of "Buy" and an average price target of $122.36.
NASDAQ ADI opened at $123.62 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.92 and a current ratio of 1.30. The firm has a market cap of $44.67 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 2.27 and a beta of 1.35. The firm has a 50 day simple moving average of $117.61 and a 200-day simple moving average of $110.70. Analog Devices has a one year low of $79.07 and a one year high of $127.39.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.05 by $0.03. Analog Devices had a net margin of 20.05% and a return on equity of 14.51%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm's quarterly revenue was down 13.7% on a year-over-year basis. Equities analysts predict that Analog Devices will post 4.27 EPS for the current fiscal year.
In other news, SVP Steve Pietkiewicz sold 3,710 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $123.29, for a total value of $457,405.90. Also, SVP Gregory N. Henderson sold 1,528 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $110.93, for a total transaction of $169,501.04. Following the completion of the sale, the senior vice president now owns 7,354 shares of the company's stock, valued at approximately $815,779.22. The disclosure for this sale can be found here. Insiders sold a total of 15,853 shares of company stock worth $1,831,270 in the last ninety days. 0.42% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. MBE Wealth Management LLC purchased a new stake in Analog Devices during the first quarter worth $25,000. Ameritas Investment Company LLC boosted its position in shares of Analog Devices by 109.4% in the 1st quarter. Ameritas Investment Company LLC now owns 289 shares of the semiconductor company's stock worth $26,000 after buying an additional 151 shares in the last quarter. Pacitti Group Inc. acquired a new stake in Analog Devices in the 4th quarter valued at about $38,000. HHM Wealth Advisors LLC acquired a new stake in Analog Devices in the 1st quarter valued at about $29,000. Finally, TCI Wealth Advisors Inc. increased its holdings in Analog Devices by 43.9% during the 1st quarter. TCI Wealth Advisors Inc. now owns 436 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 133 shares in the last quarter. 85.44% of the stock is owned by institutional investors.
About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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