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

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) has received an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $206.26.

A number of analysts have weighed in on ADI shares. KeyCorp upped their target price on Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Wolfe Research raised Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 price target on the stock in a research report on Thursday, January 18th. Morgan Stanley reaffirmed an "overweight" rating and set a $212.00 price target (down from $219.00) on shares of Analog Devices in a research report on Thursday, February 22nd. Truist Financial reduced their price target on Analog Devices from $226.00 to $222.00 and set a "buy" rating on the stock in a research report on Thursday, February 22nd. Finally, Barclays upped their price target on Analog Devices from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 16th.

Insider Transactions at Analog Devices

In related news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company's stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock worth $4,825,113 in the last 90 days. Insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Halpern Financial Inc. lifted its position in shares of Analog Devices by 331.4% during the 3rd quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 65 shares during the last quarter. USA Financial Formulas raised its stake in Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in Analog Devices during the 3rd quarter worth $29,000. Finally, Cetera Trust Company N.A acquired a new stake in Analog Devices during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Trading Up 1.0 %

Shares of NASDAQ:ADI traded up $1.93 during trading hours on Monday, hitting $196.69. 2,455,652 shares of the company's stock traded hands, compared to its average volume of 3,342,031. Analog Devices has a 1 year low of $154.99 and a 1 year high of $202.77. The business has a fifty day moving average price of $192.84 and a 200-day moving average price of $185.56. The firm has a market capitalization of $97.54 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 4.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.02. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices's quarterly revenue was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 earnings per share. Equities analysts expect that Analog Devices will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio (DPR) is currently 65.83%.

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.