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

Several equities research analysts have commented on the stock. Truist Financial boosted their target price on shares of Analog Devices from $194.00 to $203.00 and gave the stock a "buy" rating in a research report on Thursday, May 19th. The Goldman Sachs Group dropped their target price on shares of Analog Devices from $185.00 to $167.00 in a report on Friday, July 15th. Oppenheimer restated an "outperform" rating and issued a $210.00 price target on shares of Analog Devices in a report on Thursday, June 23rd. UBS Group reduced their price objective on Analog Devices to $210.00 and set a "hold" rating for the company in a report on Thursday, May 19th. Finally, Bank of America dropped their price target on Analog Devices from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $195.79.

Analog Devices Trading Down 1.2 %

ADI Stock traded down $2.18 on Monday, hitting $175.07. 38,817 shares of the company were exchanged, compared to its average volume of 3,692,446. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.99 and a quick ratio of 1.53. The stock has a market capitalization of $91.00 billion, a price-to-earnings ratio of 50.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.13. Analog Devices has a twelve month low of $138.50 and a twelve month high of $191.95. The business's fifty day moving average is $157.13 and its two-hundred day moving average is $158.64.

Analog Devices (NASDAQ:ADI - Get Rating) last released its quarterly earnings data 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 return on equity of 12.11% and a net margin of 16.84%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm posted $1.54 EPS. The business's revenue for the quarter was up 78.9% on a year-over-year basis. As a group, research analysts forecast that Analog Devices will post 9.23 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Investors of record on Tuesday, May 31st were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 27th. Analog Devices's dividend payout ratio (DPR) is presently 86.12%.

Insider Activity at Analog Devices

In other news, Director Tunc Doluca sold 7,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 78,357 shares of the company's stock, valued at $13,347,331.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Bruce R. Evans acquired 3,650 shares of the company's stock in a transaction dated Friday, June 17th. The shares were bought at an average price of $144.16 per share, for a total transaction of $526,184.00. Following the completion of the purchase, the director now directly owns 104,008 shares of the company's stock, valued at approximately $14,993,793.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tunc Doluca sold 7,000 shares of the company's stock in a transaction on Monday, August 1st. The shares were 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 owns 78,357 shares of the company's stock, valued at $13,347,331.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,236 shares of company stock worth $4,360,291. Company insiders own 0.47% of the company's stock.