Analog Devices, Inc. (NASDAQ:ADI) Receives $248.70 Consensus PT from Analysts

Analog Devices, Inc. (NASDAQ:ADI) has earned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $248.70.

A number of research firms have recently issued reports on ADI. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Piper Sandler dropped their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. TD Cowen dropped their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company initiated coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Finally, Truist Financial lifted their price target on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Several institutional investors have recently bought and sold shares of ADI. Centaurus Financial Inc. lifted its holdings in Analog Devices by 163.8% in the second quarter. Centaurus Financial Inc. now owns 1,873 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 1,163 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Analog Devices by 10.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,597 shares of the semiconductor company’s stock valued at $368,000 after acquiring an additional 150 shares during the last quarter. Czech National Bank lifted its holdings in Analog Devices by 7.0% in the 3rd quarter. Czech National Bank now owns 101,084 shares of the semiconductor company’s stock valued at $23,267,000 after acquiring an additional 6,584 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its holdings in Analog Devices by 1.1% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 18,303 shares of the semiconductor company’s stock valued at $4,213,000 after acquiring an additional 200 shares during the last quarter. Finally, Cullen Investment Group LTD. acquired a new stake in Analog Devices in the 3rd quarter valued at about $4,700,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Down 0.9 %

Shares of ADI stock opened at $207.83 on Friday. The stock has a market cap of $103.11 billion, a price-to-earnings ratio of 63.17, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. Analog Devices has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The firm’s 50 day moving average price is $215.65 and its two-hundred day moving average price is $220.68.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. On average, analysts anticipate that Analog Devices will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is 111.85%.

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.