Analog Devices (NASDAQ:ADI) had its target price decreased by Piper Jaffray Companies from $105.00 to $103.00 in a research note released on Wednesday. Piper Jaffray Companies currently has an overweight rating on the semiconductor company’s stock. Piper Jaffray Companies also issued estimates for Analog Devices’ Q1 2020 earnings at $1.40 EPS, Q2 2020 earnings at $1.45 EPS, Q3 2020 earnings at $1.51 EPS and Q4 2020 earnings at $1.58 EPS.

ADI has been the subject of a number of other reports. Zacks Investment Research lowered Analog Devices from a hold rating to a sell rating in a research report on Monday. Goldman Sachs Group lowered Analog Devices from a neutral rating to a sell rating and decreased their target price for the company from $56.00 to $47.00 in a research report on Thursday, October 18th. BidaskClub lowered Analog Devices from a hold rating to a sell rating in a research report on Friday, October 5th. Barclays reaffirmed an overweight rating and set a $108.00 target price on shares of Analog Devices in a research report on Wednesday, October 3rd. Finally, SunTrust Banks reaffirmed a buy rating and set a $118.00 target price on shares of Analog Devices in a research report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Analog Devices currently has a consensus rating of Buy and a consensus price target of $101.50.

Shares of ADI stock opened at $89.68 on Wednesday. Analog Devices has a 52-week low of $76.62 and a 52-week high of $103.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.50 and a quick ratio of 1.16. The company has a market cap of $33.09 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.03. Analog Devices had a return on equity of 20.88% and a net margin of 24.12%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned $1.45 EPS. Analog Devices’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts expect that Analog Devices will post 5.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, November 28th. Analog Devices’s payout ratio is 32.32%.

Analog Devices declared that its board has approved a stock buyback program on Tuesday, August 21st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

In other news, SVP Margaret K. Seif sold 2,700 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $90.00, for a total value of $243,000.00. Following the completion of the transaction, the senior vice president now directly owns 24,517 shares of the company’s stock, valued at approximately $2,206,530. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joseph Hassett sold 12,000 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $100.40, for a total value of $1,204,800.00. Following the completion of the transaction, the senior vice president now directly owns 26,711 shares of the company’s stock, valued at $2,681,784.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,750 shares of company stock valued at $8,561,658. Corporate insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in Analog Devices during the 3rd quarter worth $105,000. Fort L.P. purchased a new position in Analog Devices during the 2nd quarter worth $117,000. Integrated Investment Consultants LLC purchased a new position in Analog Devices during the 2nd quarter worth $130,000. Atlas Capital Advisors LLC purchased a new position in Analog Devices during the 3rd quarter worth $146,000. Finally, Gamble Jones Investment Counsel purchased a new position in Analog Devices during the 2nd quarter worth $200,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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