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

Analog Devices, Inc. (NASDAQ:ADI) has been assigned a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $243.23.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, May 20th. The Goldman Sachs Group lifted their target price on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Truist Financial lifted their target price on Analog Devices from $222.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird lifted their target price on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Susquehanna lifted their target price on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday, May 23rd.

Analog Devices Stock Up 0.7 %

ADI opened at $231.05 on Friday. Analog Devices has a 12 month low of $154.99 and a 12 month high of $241.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. The stock has a market cap of $114.65 billion, a P/E ratio of 53.98, a P/E/G ratio of 3.97 and a beta of 1.12. The stock’s 50 day moving average price is $216.13 and its 200 day moving average price is $201.03.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the firm earned $2.83 EPS. The firm’s revenue was down 33.8% compared to the same quarter last year. As a group, research analysts predict that Analog Devices will post 6.24 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.59%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Insider Buying and Selling

In related news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Michael Sondel sold 4,830 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total value of $1,142,681.40. Following the transaction, the chief accounting officer now directly owns 10,547 shares in the company, valued at approximately $2,495,209.26. The disclosure for this sale can be found here. Insiders have sold a total of 50,121 shares of company stock worth $10,875,654 in the last three months. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ADI. Pinnacle Bancorp Inc. lifted its stake in shares of Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. USA Financial Formulas increased its position in shares of Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Analog Devices in the 3rd quarter valued at $29,000. Cetera Trust Company N.A bought a new stake in shares of Analog Devices in the 4th quarter valued at $29,000. Finally, Private Wealth Management Group LLC bought a new position in Analog Devices during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.