Shares of Analog Devices, Inc. (NASDAQ:ADI) have received a consensus recommendation of “Buy” from the twenty-nine brokerages that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $97.21.

Several research analysts have commented on ADI shares. Jefferies Group reissued a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Thursday, October 19th. Oppenheimer reissued a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Friday, November 17th. Royal Bank of Canada reissued a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Thursday, January 4th. BidaskClub downgraded shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus lifted their price target on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th.

Shares of Analog Devices (NASDAQ:ADI) traded up $0.79 on Friday, reaching $85.13. 2,809,189 shares of the company were exchanged, compared to its average volume of 3,480,000. The stock has a market capitalization of $31,380.00, a P/E ratio of 42.99, a P/E/G ratio of 1.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. Analog Devices has a 1-year low of $74.65 and a 1-year high of $98.38.

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

In related news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total value of $591,710.00. Following the sale, the senior vice president now owns 20,404 shares in the company, valued at $1,724,750.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gregory N. Henderson sold 4,000 shares of Analog Devices stock in a transaction on Friday, January 5th. The shares were sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The disclosure for this sale can be found here. Insiders sold 186,061 shares of company stock worth $16,163,741 in the last 90 days. Company insiders own 0.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ADI. Ameritas Investment Partners Inc. boosted its holdings in Analog Devices by 7.0% in the second quarter. Ameritas Investment Partners Inc. now owns 14,953 shares of the semiconductor company’s stock valued at $1,163,000 after acquiring an additional 972 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in Analog Devices in the second quarter valued at $681,000. Covington Capital Management boosted its holdings in Analog Devices by 1.1% in the second quarter. Covington Capital Management now owns 35,230 shares of the semiconductor company’s stock valued at $2,741,000 after acquiring an additional 380 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in Analog Devices by 3.8% in the second quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 106 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Analog Devices by 27.7% in the second quarter. WINTON GROUP Ltd now owns 168,189 shares of the semiconductor company’s stock valued at $13,085,000 after acquiring an additional 36,475 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

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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.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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