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.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Sanford C. Bernstein boosted their price objective on Analog Devices to $200.00 and gave the company an "outperform" rating in a research note on Thursday, May 19th. Truist Financial boosted their price target on Analog Devices from $194.00 to $203.00 and gave the stock a "buy" rating in a report on Thursday, May 19th. Bank of America lowered their price target on Analog Devices from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, June 29th. Oppenheimer reissued an "outperform" rating and issued a $210.00 price target on shares of Analog Devices in a report on Thursday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Analog Devices from $185.00 to $165.00 in a report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and a consensus price target of $195.79.

Analog Devices Stock Performance

NASDAQ:ADI opened at $170.37 on Wednesday. The company has a market cap of $88.56 billion, a P/E ratio of 48.26, a P/E/G ratio of 1.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.99. The business's 50 day moving average price is $157.33 and its 200-day moving average price is $158.83. Analog Devices has a fifty-two week low of $138.50 and a fifty-two week high of $191.95.

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

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 9th. Shareholders of record on Tuesday, May 31st were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.78%. The ex-dividend date was Friday, May 27th. Analog Devices's dividend payout ratio (DPR) is presently 86.12%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Prashanth Mahendra-Rajah sold 3,901 shares of the company's stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $163.14, for a total value of $636,409.14. Following the transaction, the chief financial officer now owns 16,108 shares of the company's stock, valued at approximately $2,627,859.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Prashanth Mahendra-Rajah sold 3,901 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $163.14, for a total transaction of $636,409.14. Following the transaction, the chief financial officer now owns 16,108 shares of the company's stock, valued at approximately $2,627,859.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Evans purchased 3,650 shares of the company's stock in a transaction dated Friday, June 17th. The shares were purchased at an average cost of $144.16 per share, for a total transaction of $526,184.00. Following the transaction, the director now directly owns 104,008 shares in the company, valued at approximately $14,993,793.28. The disclosure for this purchase can be found here. Insiders have sold 26,236 shares of company stock valued at $4,360,291 in the last quarter. 0.47% of the stock is owned by insiders.