Analog devices (NASDAQ: ADI – Get an estimate) had its price target reduced by Morgan Stanley stock research analysts from $186.00 to $173.00 in a research note released Friday to investors, Stock Target Advisor reports. The company currently has an “equal weight” rating on shares of the semiconductor company. Morgan Stanley’s target price would suggest a potential upside of 9.48% from the company’s previous close.
Several other equity research analysts have also recently weighed in on ADI. StockNews.com began covering Analog Devices stocks in a research report on Thursday, March 31. They set a “holding” rating for the company. Sanford C. Bernstein raised its price target on Analog Devices to $200.00 and gave the stock an “outperform” rating in a Thursday, May 19 research note. Goldman Sachs Group lowered its price target on analog devices from $207.00 to $183.00 and set a “buy” rating for the company in a Tuesday, April 5 research report. Oppenheimer reiterated an “outperform” rating and posted a $210.00 price target on Analog Devices shares in a research report on Monday, May 16. Finally, Daiwa Capital Markets reduced its price target on analog devices from $217.00 to $200.00 and set a “buy” rating for the company in a Thursday, February 17 report. Five research analysts gave the stock a hold rating and eighteen gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $198.43.
The NASDAQ ADI traded at $3.59 during Friday’s trading, hitting $158.02. 40,748 shares of the company were traded, compared to its average volume of 3,312,815. The stock has a fifty-day moving average of $160.22 and a two-hundred-day moving average of $164.69. Analog Devices has a 12-month low of $143.81 and a 12-month high of $191.95. The company has a market capitalization of $82.14 billion, a P/E ratio of 44.68, a PEG ratio of 1.46 and a beta of 1.07. The company has a debt ratio of 0.17, a current ratio of 1.99 and a quick ratio of 1.53.
Analog Devices (NASDAQ:ADI – Get Rating) last released its results on Wednesday, May 18. The semiconductor company reported earnings per share of $2.40 for the quarter, beating the consensus estimate of $2.11 by $0.29. The company posted revenue of $2.97 billion in the quarter, versus $2.84 billion expected by analysts. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. Analog Devices’ quarterly revenue increased 78.9% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $1.54. As a group, analysts expect Analog Devices to post earnings per share of 9.24 for the current fiscal year.
Separately, director Tunc Doluca sold 4,700 shares of the company in a transaction dated Friday, April 1. The shares were sold at an average price of $166.50, for a total transaction of $782,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Edward H. Frank sold 1,435 shares in a trade on Tuesday, May 31. The shares were sold at an average price of $166.90, for a total value of $239,501.50. Following completion of the transaction, the administrator now directly owns 2,525 shares of the company, valued at $421,422.50. The disclosure of this sale can be found here. Insiders sold 14,636 shares of the company worth $2,440,461 in the past 90 days. Insiders own 0.91% of the shares of the company.
A number of large investors have recently bought and sold shares of ADI. Horan Securities Inc. increased its stake in Analog Devices by 101.2% during the first quarter. Horan Securities Inc. now owns 163 shares of the semiconductor company worth $27,000 after buying 82 additional shares during the period. Core Alternative Capital increased its stake in Analog Devices shares by 333.3% in the first quarter. Core Alternative Capital now owns 182 shares of the semiconductor company worth $30,000 after acquiring 140 more shares in the last quarter. Monolith Advisors acquired a new stake in Analog Devices during Q4 for a value of approximately $32,000. Worth Asset Management LLC purchased a new stake in the shares of Analog Devices during the first quarter for a value of approximately $33,000. Finally, Arlington Partners LLC purchased a new stake in Analog Devices stock in Q4 worth approximately $34,000. Institutional investors hold 86.15% of the company’s shares.
Analog Devices Company Profile (Get an assessment)
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data conversion products, which translate real-world analog signals into digital data, as well as digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing and power management applications in the automotive, communications, industrial and high-end consumption; and power supply ICs include performance simulation, integration, and software design tools for accurate power supply designs.
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