Analog Devices, Inc. (NASDAQ:ADI) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-three brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $249.33.

A number of research firms have recently weighed in on ADI. TD Cowen dropped their price target on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Oppenheimer reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Wednesday, November 27th. Morgan Stanley lowered their price target on Analog Devices from $252.00 to $248.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd.

Analog Devices Stock Down 0.5 %

Analog Devices stock traded down $1.11 during mid-day trading on Friday, hitting $216.61. The company's stock had a trading volume of 3,067,545 shares, compared to its average volume of 3,225,052. Analog Devices has a 52-week low of $181.80 and a 52-week high of $244.14. The company has a market cap of $107.50 billion, a PE ratio of 65.84, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. The firm's 50 day moving average is $222.16 and its 200 day moving average is $225.48.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm earned $2.01 earnings per share. The firm's revenue was down 10.1% compared to the same quarter last year. On average, analysts anticipate that Analog Devices will post 7.15 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, December 9th. Analog Devices's payout ratio is currently 111.85%.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total value of $2,289,300.00. Following the completion of the transaction, the chief executive officer now directly owns 45,326 shares in the company, valued at approximately $10,376,481.18. This represents a 18.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gregory M. Bryant sold 30,000 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now directly owns 109,093 shares of the company's stock, valued at approximately $24,447,741.30. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock worth $24,754,600 in the last ninety days. Insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Analog Devices during the third quarter valued at $28,000. New Millennium Group LLC bought a new stake in shares of Analog Devices in the 2nd quarter valued at about $29,000. Archer Investment Corp raised its holdings in Analog Devices by 101.4% in the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 73 shares during the period. ORG Partners LLC raised its stake in Analog Devices by 675.0% during the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company's stock worth $35,000 after buying an additional 135 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Analog Devices during the second quarter worth about $37,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Company Profile

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.