Analog Devices, Inc. (ADI) Receives “Buy” Rating from Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reissued their buy rating on shares of Analog Devices, Inc. (NASDAQ:ADI) in a report released on Friday morning. The firm currently has a $100.00 target price on the semiconductor company’s stock.

Several other research firms also recently issued reports on ADI. BidaskClub downgraded shares of Analog Devices from a buy rating to a hold rating in a report on Friday, November 10th. Stifel Nicolaus upped their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the company a buy rating in a report on Thursday. B. Riley reiterated a buy rating and issued a $110.00 price target on shares of Analog Devices in a report on Thursday. Jefferies Group LLC reiterated a buy rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, October 19th. Finally, SunTrust Banks, Inc. reiterated a buy rating and issued a $106.00 price target on shares of Analog Devices in a report on Thursday, October 12th. Twelve research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $93.69.

Analog Devices (NASDAQ ADI) traded down $0.06 on Friday, hitting $90.42. 2,213,593 shares of the stock traded hands, compared to its average volume of 2,926,695. Analog Devices has a 12-month low of $67.62 and a 12-month high of $92.96. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $33,270.00, a P/E ratio of 21.13, a P/E/G ratio of 1.76 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $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 expect that Analog Devices will post 4.62 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Analog Devices, Inc. (ADI) Receives “Buy” Rating from Oppenheimer Holdings, Inc.” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/11/18/analog-devices-inc-adi-receives-buy-rating-from-oppenheimer-holdings-inc.html.

In other Analog Devices news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total value of $369,995.65. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,111,301.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Champy sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 20,185 shares in the company, valued at approximately $1,715,725. The disclosure for this sale can be found here. Insiders sold a total of 135,994 shares of company stock worth $11,604,048 in the last 90 days. 1.10% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in ADI. Franklin Resources Inc. increased its stake in shares of Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after acquiring an additional 3,248,336 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Analog Devices by 97.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after acquiring an additional 2,123,268 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Analog Devices by 576.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock worth $138,903,000 after acquiring an additional 1,521,316 shares during the last quarter. BlackRock Inc. increased its stake in shares of Analog Devices by 6.2% in the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after acquiring an additional 1,437,338 shares during the last quarter. Finally, Prudential PLC increased its stake in shares of Analog Devices by 23,301.9% in the 2nd quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock worth $101,466,000 after acquiring an additional 1,298,616 shares during the last quarter. Institutional investors own 86.42% of the company’s stock.

Analog Devices Company Profile

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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

What are top analysts saying about Analog Devices Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Analog Devices Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit