Analog Devices, Inc. (NASDAQ:ADI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Analog Devices, Inc. (NASDAQ:ADIGet Free Report) has been given an average recommendation of “Moderate Buy” by the thirty-one brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $312.2609.

Several equities analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $285.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Truist Financial boosted their target price on Analog Devices from $258.00 to $291.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of Analog Devices in a report on Tuesday, December 16th. Finally, Stifel Nicolaus boosted their price objective on Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, January 16th.

Get Our Latest Stock Report on ADI

Analog Devices Trading Up 3.6%

Shares of ADI stock opened at $337.00 on Thursday. Analog Devices has a 1-year low of $158.65 and a 1-year high of $337.84. The company has a market cap of $164.67 billion, a price-to-earnings ratio of 73.90, a PEG ratio of 1.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The stock has a 50 day simple moving average of $293.79 and a 200-day simple moving average of $259.32.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. On average, equities research analysts expect that Analog Devices will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s payout ratio is 86.84%.

Trending Headlines about Analog Devices

Here are the key news stories impacting Analog Devices this week:

Insider Buying and Selling

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the sale, the senior vice president owned 12,710 shares of the company’s stock, valued at $3,831,556.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the sale, the chief executive officer owned 155,688 shares in the company, valued at $47,783,760.96. This represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,544 shares of company stock worth $15,320,417 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ADI. Vanguard Group Inc. lifted its stake in Analog Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after purchasing an additional 503,970 shares in the last quarter. State Street Corp lifted its position in shares of Analog Devices by 0.4% during the third quarter. State Street Corp now owns 23,399,046 shares of the semiconductor company’s stock worth $5,749,146,000 after purchasing an additional 81,790 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after purchasing an additional 633,425 shares in the last quarter. Norges Bank purchased a new stake in Analog Devices during the 4th quarter worth approximately $2,215,516,000. Finally, Ameriprise Financial Inc. lifted its holdings in Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after buying an additional 375,207 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

About Analog Devices

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Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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