Analog Devices, Inc. (ADI) PT Raised to $110.00 at Jefferies Group LLC
Analog Devices, Inc. (NASDAQ:ADI) had its price target hoisted by stock analysts at Jefferies Group LLC to $110.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Jefferies Group LLC’s target price points to a potential upside of 21.96% from the company’s current price.
Several other research analysts also recently weighed in on ADI. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 target price on shares of Analog Devices in a research report on Friday, August 4th. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a report on Wednesday, August 30th. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a report on Sunday, August 27th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $97.00 price target on shares of Analog Devices in a report on Monday, September 25th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $94.19.
Analog Devices (ADI) opened at $90.19 on Wednesday. The stock has a market cap of $34,218.84, a P/E ratio of 21.75, a PEG ratio of 1.82 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83. Analog Devices has a 52 week low of $68.42 and a 52 week high of $93.99.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Monday, November 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. research analysts expect that Analog Devices will post 4.62 earnings per share for the current fiscal year.
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In other news, SVP Gregory N. Henderson sold 6,396 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.34, for a total value of $539,438.64. Following the completion of the sale, the senior vice president now directly owns 10,327 shares of the company’s stock, valued at approximately $870,979.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,994 shares of company stock worth $11,370,618. 1.10% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in ADI. Moors & Cabot Inc. bought a new stake in Analog Devices during the 3rd quarter worth approximately $255,000. Belpointe Asset Management LLC bought a new stake in Analog Devices during the 3rd quarter worth approximately $501,000. Cetera Investment Advisers increased its stake in Analog Devices by 59.3% during the 3rd quarter. Cetera Investment Advisers now owns 11,650 shares of the semiconductor company’s stock worth $1,009,000 after purchasing an additional 4,336 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in Analog Devices during the 3rd quarter worth approximately $884,000. Finally, Yellowstone Partners LLC bought a new stake in Analog Devices during the 3rd quarter worth approximately $620,000. 87.44% of the stock is owned by institutional investors.
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.
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