Royal Bank Of Canada restated their buy rating on shares of Analog Devices, Inc. (NASDAQ:ADI) in a research report report published on Friday. The brokerage currently has a $92.00 price objective on the semiconductor company’s stock.

Several other analysts have also recently weighed in on ADI. UBS AG reiterated a neutral rating and issued a $94.00 price target (up previously from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. B. Riley reiterated a buy rating and issued a $103.00 price target on shares of Analog Devices in a report on Tuesday, June 27th. Stifel Nicolaus reiterated a buy rating and issued a $97.00 price target (up previously from $95.00) on shares of Analog Devices in a report on Thursday, June 1st. Jefferies Group LLC reiterated a buy rating on shares of Analog Devices in a report on Monday, July 10th. Finally, Citigroup Inc. reiterated a neutral rating and issued a $91.00 price target (up previously from $84.00) on shares of Analog Devices in a report on Thursday, June 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Analog Devices currently has a consensus rating of Buy and an average price target of $89.92.

Shares of Analog Devices (NASDAQ ADI) traded down 0.21% on Friday, reaching $77.78. 2,382,264 shares of the company traded hands. The stock has a market capitalization of $28.55 billion, a P/E ratio of 29.79 and a beta of 1.30. The stock’s 50 day moving average price is $79.61 and its 200-day moving average price is $79.52. Analog Devices has a one year low of $59.01 and a one year high of $90.49.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. Equities analysts forecast that Analog Devices will post $4.37 earnings per share for the current fiscal year.

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In related news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $80.07, for a total value of $360,715.35. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $81.54, for a total transaction of $244,620.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,663,742.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,086 shares of company stock worth $5,202,514. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ADI. YorkBridge Wealth Partners LLC boosted its position in shares of Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after buying an additional 11 shares during the last quarter. Pitcairn Co. boosted its position in shares of Analog Devices by 0.6% in the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock worth $367,000 after buying an additional 30 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock worth $305,000 after buying an additional 32 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Analog Devices by 1.4% in the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock worth $184,000 after buying an additional 32 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its position in shares of Analog Devices by 1.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock worth $220,000 after buying an additional 34 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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