BidaskClub lowered shares of Analog Devices, Inc. (NASDAQ:ADI) from a hold rating to a sell rating in a report released on Saturday morning.

Several other research analysts also recently issued reports on ADI. UBS AG reiterated a neutral rating and issued a $94.00 target price (up previously from $83.00) on shares of Analog Devices in a research note on Saturday, June 3rd. B. Riley reiterated a buy rating and issued a $103.00 target price on shares of Analog Devices in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a buy rating and issued a $92.00 target price on shares of Analog Devices in a research note on Friday. Stifel Nicolaus reiterated a buy rating and issued a $97.00 target price (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Finally, Jefferies Group LLC reiterated a buy rating on shares of Analog Devices in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices currently has an average rating of Buy and a consensus target price of $89.92.

Shares of Analog Devices (NASDAQ:ADI) opened at 78.87 on Friday. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 30.21 and a beta of 1.30. The firm has a 50-day moving average of $79.61 and a 200 day moving average of $79.52. Analog Devices has a 1-year low of $59.01 and a 1-year high of $90.49.

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

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In related news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were 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 $1,663,742.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 47,500 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total transaction of $4,108,750.00. Following the transaction, the chief executive officer now owns 61,484 shares of the company’s stock, valued at approximately $5,318,366. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,086 shares of company stock valued at $5,202,514. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Analog Devices by 24.3% in the first quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock worth $2,311,428,000 after buying an additional 5,506,925 shares in the last quarter. BlackRock Inc. raised its position in shares of Analog Devices by 3,292.7% in the first quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock worth $1,888,562,000 after buying an additional 22,366,040 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Analog Devices by 14.4% in the first quarter. Wellington Management Group LLP now owns 18,479,225 shares of the semiconductor company’s stock worth $1,514,372,000 after buying an additional 2,319,193 shares in the last quarter. State Street Corp raised its position in shares of Analog Devices by 20.0% in the first quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after buying an additional 2,493,568 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Analog Devices by 8.4% in the first quarter. Wells Fargo & Company MN now owns 7,957,053 shares of the semiconductor company’s stock worth $652,081,000 after buying an additional 614,150 shares in the last quarter. Hedge funds and other institutional investors own 87.76% of the company’s stock.

About Analog Devices

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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