Analog Devices (NASDAQ:ADI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other brokerages have also commented on ADI. Jefferies Group upped their price objective on Analog Devices to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Stifel Nicolaus decreased their price objective on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. B. Riley upped their price objective on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. KeyCorp reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a report on Friday, November 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $103.00 target price (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $97.21.

Analog Devices (NASDAQ ADI) opened at $96.14 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices has a 1-year low of $72.09 and a 1-year high of $98.38. The company has a market capitalization of $35,440.00, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts predict that Analog Devices will post 5.2 earnings per share for the current year.

In related news, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Champy sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the completion of the sale, the director now directly owns 21,910 shares in the company, valued at $1,971,900. The disclosure for this sale can be found here. Insiders sold 186,066 shares of company stock worth $16,159,623 over the last ninety days. 1.10% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its position in Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares during the last quarter. WFG Advisors LP raised its position in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC raised its position in Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the last quarter. Clear Perspective Advisors LLC raised its position in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 600 shares during the last quarter. 87.08% of the stock is currently owned by institutional investors and hedge funds.

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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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