Analog Devices (ADI) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Analog Devices (NASDAQ:ADI) from a sell rating to a hold rating in a research report released on Wednesday.

ADI has been the subject of several other reports. B. Riley reaffirmed a buy rating and set a $110.00 target price on shares of Analog Devices in a research report on Saturday, September 2nd. Stifel Nicolaus lowered their target price on Analog Devices from $100.00 to $98.00 and set a buy rating for the company in a research report on Wednesday, November 22nd. Morgan Stanley reaffirmed an overweight rating and set a $103.00 target price (up from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Royal Bank of Canada raised their target price on Analog Devices from $92.00 to $95.00 and gave the stock an outperform rating in a research report on Thursday, August 31st. Finally, ValuEngine lowered Analog Devices from a buy rating to a hold rating in a research report on Thursday, September 21st. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $96.52.

Analog Devices (NASDAQ ADI) traded up $0.70 during midday trading on Wednesday, hitting $88.65. The company had a trading volume of 2,093,600 shares, compared to its average volume of 2,967,197. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices has a 12 month low of $71.00 and a 12 month high of $93.99. The firm has a market cap of $32,421.52, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.63 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.05 EPS. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts anticipate that Analog Devices will post 5.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.

In related news, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,210,077.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Champy sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total value of $435,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 173,848 shares of company stock valued at $14,980,459. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Financial Group Inc. acquired a new position in Analog Devices during the 2nd quarter valued at about $119,000. WFG Advisors LP boosted its stake in Analog Devices by 26.4% during the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC boosted its stake in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the last quarter. Clear Perspective Advisors LLC boosted its stake in Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its stake in Analog Devices by 64.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 600 shares during the last quarter. 86.98% of the stock is owned by institutional investors and hedge funds.

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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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