Media stories about Analog Devices (NASDAQ:ADI) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Analog Devices earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.4250111181708 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Have Investors Already Priced In Analog Devices Inc’s (ADI) Growth? (finance.yahoo.com)
- Analog Devices, Inc. to Report Fourth Quarter and Fiscal Year 2017 Financial Results on Tuesday, November 21, 2017 – Business Wire (press release) (businesswire.com)
- IWP, ADI, ZTS, ILMN: ETF Inflow Alert – Nasdaq (nasdaq.com)
- Analog Devices, Inc. (ADI) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
Shares of Analog Devices (NASDAQ:ADI) opened at $91.81 on Monday. Analog Devices has a 52-week low of $62.50 and a 52-week high of $92.11. The stock has a market capitalization of $33,755.57, a PE ratio of 21.45, a PEG ratio of 1.78 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.99.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. research analysts predict that Analog Devices will post 4.6 EPS for the current year.
ADI has been the topic of several analyst reports. Jefferies Group LLC restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Thursday, October 19th. SunTrust Banks, Inc. restated a “buy” rating and set a $106.00 price objective on shares of Analog Devices in a report on Thursday, October 12th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Tuesday, October 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $98.00 price objective on shares of Analog Devices in a report on Wednesday, September 20th. Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $93.65.
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In related news, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.81, for a total value of $233,430.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,587,635.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Champy sold 10,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the sale, the director now directly owns 20,185 shares of the company’s stock, valued at $1,715,725. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is owned by corporate insiders.
About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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