Analog Devices (NASDAQ:ADI - Free Report) had its target price cut by Piper Sandler from $240.00 to $215.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the semiconductor company's stock.
A number of other research firms have also commented on ADI. Seaport Res Ptn upgraded Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays lowered their price objective on Analog Devices from $240.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Lake Street Capital initiated coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating for the company. TD Cowen increased their target price on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $248.63.
Read Our Latest Stock Analysis on Analog Devices
Analog Devices Price Performance
Shares of ADI traded up $0.40 during trading hours on Friday, hitting $217.29. 1,370,418 shares of the company were exchanged, compared to its average volume of 3,517,182. Analog Devices has a one year low of $158.65 and a one year high of $247.10. The firm has a fifty day simple moving average of $197.89 and a 200-day simple moving average of $210.07. The company has a market capitalization of $107.77 billion, a PE ratio of 69.23, a PEG ratio of 2.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43.
Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share 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 firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts predict that Analog Devices will post 7.14 earnings per share for the current year.
Analog Devices announced that its Board of Directors has approved a share repurchase 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 repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
Analog Devices Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.82%. Analog Devices's dividend payout ratio is presently 107.90%.
Insiders Place Their Bets
In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the sale, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. The trade was a 22.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the transaction, the director now directly owns 180,071 shares of the company's stock, valued at $35,265,104.64. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,934 shares of company stock valued at $8,735,156 in the last quarter. 0.33% of the stock is currently owned by insiders.
Institutional Trading of Analog Devices
Large investors have recently bought and sold shares of the business. Dakota Wealth Management boosted its position in Analog Devices by 2.4% during the 4th quarter. Dakota Wealth Management now owns 8,894 shares of the semiconductor company's stock worth $1,890,000 after buying an additional 210 shares during the period. Advisory Alpha LLC lifted its holdings in shares of Analog Devices by 46.2% during the fourth quarter. Advisory Alpha LLC now owns 1,288 shares of the semiconductor company's stock worth $274,000 after purchasing an additional 407 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Analog Devices by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 105,784 shares of the semiconductor company's stock worth $22,475,000 after purchasing an additional 2,048 shares during the last quarter. Mutual Advisors LLC raised its position in Analog Devices by 8.6% during the 4th quarter. Mutual Advisors LLC now owns 2,060 shares of the semiconductor company's stock worth $443,000 after purchasing an additional 164 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC grew its position in shares of Analog Devices by 3.3% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 5,830 shares of the semiconductor company's stock valued at $1,342,000 after buying an additional 188 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.
About Analog Devices
(
Get Free Report)
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.
Featured Articles
Before you consider Analog Devices, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Analog Devices wasn't on the list.
While Analog Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
