Analog Devices - ADI Stock Forecast, Price & News

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs. It also offers high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and microelectromechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company offers digital signal processing and system products for high-speed numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, and communications markets through a direct sales force, third-party distributors, and independent sales representatives in the United States, the rest of North and South America, Europe, Japan, China, and rest of Asia, as well as through its Website. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.

Analog Devices Price Performance

Shares of ADI Stock traded up $4.71 during midday trading on Friday, reaching $179.26. 3,198,431 shares of the company were exchanged, compared to its average volume of 3,145,435. Analog Devices has a 12 month low of $138.50 and a 12 month high of $191.95. The company has a market cap of $93.18 billion, a P/E ratio of 50.78, a PEG ratio of 1.54 and a beta of 1.13. The company's 50 day moving average price is $157.93 and its two-hundred day moving average price is $159.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.99.

Analog Devices (NASDAQ:ADI - Get Rating) last released its quarterly earnings results on Wednesday, May 18th. The semiconductor company reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.28. Analog Devices had a net margin of 16.84% and a return on equity of 12.11%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm earned $1.54 EPS. Analog Devices's revenue was up 78.9% on a year-over-year basis. On average, sell-side analysts expect that Analog Devices will post 9.23 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Investors of record on Tuesday, May 31st were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.70%. Analog Devices's payout ratio is currently 86.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ADI shares. Bank of America dropped their price target on shares of Analog Devices from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, June 29th. The Goldman Sachs Group dropped their price target on shares of Analog Devices from $185.00 to $167.00 in a research note on Friday, July 15th. Truist Financial lifted their price target on shares of Analog Devices from $194.00 to $203.00 and gave the stock a "buy" rating in a research note on Thursday, May 19th. UBS Group dropped their price target on shares of Analog Devices to $210.00 and set a "hold" rating on the stock in a research note on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Analog Devices from $185.00 to $165.00 in a report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $195.79.

Insider Buying and Selling

In related news, Director Tunc Doluca sold 7,000 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $170.34, for a total value of $1,192,380.00. Following the sale, the director now directly owns 78,357 shares in the company, valued at approximately $13,347,331.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Bruce R. Evans bought 3,650 shares of the company's stock in a transaction dated Friday, June 17th. The shares were acquired at an average cost of $144.16 per share, with a total value of $526,184.00. Following the completion of the transaction, the director now directly owns 104,008 shares in the company, valued at approximately $14,993,793.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tunc Doluca sold 7,000 shares of Analog Devices stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $170.34, for a total transaction of $1,192,380.00. Following the completion of the transaction, the director now directly owns 78,357 shares in the company, valued at $13,347,331.38. The disclosure for this sale can be found here. Insiders have sold 26,236 shares of company stock worth $4,360,291 in the last ninety days. 0.91% of the stock is currently owned by corporate insiders.