Analog Devices (NASDAQ:ADI) Price Target Lowered to $210.00 at Barclays

Analog Devices (NASDAQ:ADI - Get Free Report) had its price objective cut by analysts at Barclays from $250.00 to $210.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the semiconductor company's stock. Barclays's price target would suggest a potential downside of 4.45% from the company's current price.

ADI has been the topic of several other reports. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Wednesday, November 27th. Wells Fargo & Company started coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an "equal weight" rating and a $220.00 price objective on the stock. Cantor Fitzgerald reiterated a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Piper Sandler dropped their price target on shares of Analog Devices from $235.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Finally, Morgan Stanley decreased their price objective on shares of Analog Devices from $252.00 to $248.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $247.57.

Analog Devices Stock Up 2.2 %

Shares of ADI stock traded up $4.75 during mid-day trading on Friday, hitting $219.77. 1,391,900 shares of the stock traded hands, compared to its average volume of 2,867,787. Analog Devices has a 52-week low of $182.57 and a 52-week high of $244.14. The stock has a market cap of $109.07 billion, a P/E ratio of 66.71, a P/E/G ratio of 2.43 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 stock's fifty day moving average is $216.03 and its two-hundred day moving average is $222.66.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating 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 company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. Analog Devices's revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts predict that Analog Devices will post 7.09 EPS for the current year.

Insiders Place Their Bets

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the transaction, the executive vice president now directly owns 59,093 shares of the company's stock, valued at $13,229,149.91. The trade was a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at approximately $4,921,334.21. This trade represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $11,029,300 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Analog Devices

Institutional investors have recently made changes to their positions in the company. True North Advisors LLC increased its stake in Analog Devices by 143.1% during the fourth quarter. True North Advisors LLC now owns 2,173 shares of the semiconductor company's stock worth $462,000 after acquiring an additional 1,279 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Analog Devices by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 105,784 shares of the semiconductor company's stock worth $22,475,000 after purchasing an additional 2,048 shares during the last quarter. Paradiem LLC raised its holdings in Analog Devices by 7.7% in the 4th quarter. Paradiem LLC now owns 56,113 shares of the semiconductor company's stock valued at $11,922,000 after buying an additional 4,034 shares during the period. Advisory Alpha LLC lifted its position in Analog Devices by 46.2% in the fourth quarter. Advisory Alpha LLC now owns 1,288 shares of the semiconductor company's stock valued at $274,000 after buying an additional 407 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Analog Devices by 2.4% during the fourth quarter. Dakota Wealth Management now owns 8,894 shares of the semiconductor company's stock worth $1,890,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors 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.