Analog Devices, Inc. (ADI) Given New $113.00 Price Target at B. Riley
Analog Devices, Inc. (NASDAQ:ADI) had its price target lifted by B. Riley from $110.00 to $113.00 in a report published on Wednesday. B. Riley currently has a buy rating on the semiconductor company’s stock. B. Riley also issued estimates for Analog Devices’ Q4 2017 earnings at $1.45 EPS, FY2017 earnings at $4.68 EPS, Q1 2018 earnings at $1.25 EPS, Q1 2018 earnings at $1.32 EPS, Q2 2018 earnings at $1.22 EPS, Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.33 EPS, Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at $1.44 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $5.41 EPS, Q1 2019 earnings at $1.28 EPS, Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.39 EPS, Q3 2019 earnings at $1.54 EPS, Q3 2019 earnings at $1.53 EPS, Q4 2019 earnings at $1.72 EPS, Q4 2019 earnings at $1.71 EPS, FY2019 earnings at $5.95 EPS and FY2020 earnings at $6.57 EPS.
Several other brokerages have also recently commented on ADI. Drexel Hamilton reissued a buy rating and issued a $105.00 price target on shares of Analog Devices in a research report on Tuesday. Oppenheimer Holdings, Inc. reissued a buy rating and issued a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. BidaskClub lowered shares of Analog Devices from a buy rating to a hold rating in a report on Friday, November 10th. Stifel Nicolaus raised their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the company a buy rating in a report on Thursday, November 16th. Finally, Jefferies Group LLC restated a buy rating and issued a $100.00 price objective on shares of Analog Devices in a report on Thursday, October 19th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Analog Devices presently has a consensus rating of Buy and a consensus target price of $94.19.
Analog Devices (NASDAQ:ADI) opened at $88.65 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.52. Analog Devices has a 1 year low of $68.42 and a 1 year high of $93.99. The company has a market cap of $33,159.95, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $1.05 EPS. The firm’s revenue was up 53.4% compared to the same quarter last year. equities research analysts forecast that Analog Devices will post 4.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s payout ratio is currently 86.96%.
In other Analog Devices news, Director James Champy sold 12,500 shares of Analog Devices stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the director now owns 21,910 shares in the company, valued at $1,971,900. 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 Analog Devices stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,994 shares of company stock valued at $11,370,618. 1.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pathstone Family Office LLC raised its position in Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 15 shares during the last quarter. Pitcairn Co. raised its position in Analog Devices by 0.6% during the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock worth $367,000 after acquiring an additional 30 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in shares of Analog Devices by 0.4% in the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock valued at $812,000 after buying an additional 40 shares during the last quarter. Smith Salley & Associates raised its position in shares of Analog Devices by 1.1% in the second quarter. Smith Salley & Associates now owns 3,878 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 42 shares during the last quarter. Finally, Simmons Bank raised its position in shares of Analog Devices by 0.8% in the second quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 59 shares during the last quarter. Institutional investors own 87.44% 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.
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