Analog Devices, Inc. (NASDAQ:ADI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $103.78, but opened at $100.83. Analog Devices shares last traded at $97.50, with a volume of 4505996 shares traded.

A number of equities analysts have weighed in on ADI shares. Zacks Investment Research raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Bank of America raised Analog Devices from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $125.00 in a research report on Monday, February 11th. ValuEngine raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Piper Jaffray Companies restated an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a report on Friday, February 1st. Finally, BMO Capital Markets boosted their price objective on Analog Devices to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Analog Devices presently has a consensus rating of “Hold” and an average target price of $105.67.

The firm has a market capitalization of $35.91 billion, a PE ratio of 16.41, a P/E/G ratio of 1.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.64.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. On average, equities analysts forecast that Analog Devices, Inc. will post 5.47 earnings per share for the current fiscal year.

In related news, CAO Eileen Wynne sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $105.28, for a total value of $288,046.08. Following the completion of the sale, the chief accounting officer now directly owns 4,888 shares in the company, valued at $514,608.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Champy sold 7,210 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $105.31, for a total value of $759,285.10. Following the completion of the sale, the director now owns 20,130 shares of the company’s stock, valued at $2,119,890.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,120 shares of company stock valued at $12,114,745. 0.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. PRW Wealth Management LLC bought a new stake in Analog Devices during the fourth quarter worth $27,000. Bruderman Asset Management LLC bought a new stake in Analog Devices during the fourth quarter worth $31,000. Berman Capital Advisors LLC lifted its stake in Analog Devices by 43.8% during the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 91 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in Analog Devices during the fourth quarter worth $33,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in Analog Devices during the fourth quarter worth $34,000. Institutional investors and hedge funds own 91.21% of the company’s stock.

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Analog Devices Company Profile (NASDAQ:ADI)

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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