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.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Oppenheimer reiterated an "outperform" rating and issued a $210.00 target price on shares of Analog Devices in a research note on Friday, August 12th. Sanford C. Bernstein boosted their price objective on shares of Analog Devices to $200.00 and gave the company an "outperform" rating in a research note on Thursday, May 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Analog Devices from $185.00 to $165.00 in a report on Wednesday, July 20th. The Goldman Sachs Group cut their price target on shares of Analog Devices from $185.00 to $167.00 in a report on Friday, July 15th. Finally, UBS Group lowered their price objective on Analog Devices to $210.00 and set a "hold" rating on the stock in a report on Thursday, May 19th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $195.79.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $179.04 on Wednesday. The company has a market cap of $93.07 billion, a P/E ratio of 50.72, a P/E/G ratio of 1.59 and a beta of 1.13. The business has a fifty day simple moving average of $158.46 and a 200-day simple moving average of $159.52. Analog Devices has a 52 week low of $138.50 and a 52 week high of $191.95. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI - Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The semiconductor company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.12 by $0.28. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. The company had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The firm's revenue was up 78.9% on a year-over-year basis. Equities research analysts forecast that Analog Devices will post 9.23 EPS for the current year.

Insider Activity at Analog Devices

In related news, Director Tunc Doluca sold 16,800 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $180.00, for a total value of $3,024,000.00. Following the transaction, the director now directly owns 71,157 shares of the company's stock, valued at approximately $12,808,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Tunc Doluca sold 16,800 shares of the business's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $180.00, for a total value of $3,024,000.00. Following the transaction, the director now owns 71,157 shares in the company, valued at $12,808,260. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bruce R. Evans acquired 3,650 shares of the firm's stock in a transaction on Friday, June 17th. The shares were bought at an average cost of $144.16 per share, with a total value of $526,184.00. Following the completion of the acquisition, the director now owns 104,008 shares in the company, valued at $14,993,793.28. The disclosure for this purchase can be found here. Over the last three months, insiders sold 43,036 shares of company stock worth $7,384,291. 0.47% of the stock is owned by company insiders.