Analog Devices (NASDAQ:ADI)‘s stock had its “buy” rating reiterated by Royal Bank of Canada in a research report issued on Thursday, January 4th. They presently have a $100.00 price objective on the semiconductor company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 6.63% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. B. Riley restated a “buy” rating and set a $113.00 price objective (up from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. BidaskClub lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday, September 9th. Oppenheimer restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Friday, November 17th. Finally, Stifel Nicolaus raised their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $97.21.

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Analog Devices (NASDAQ ADI) opened at $93.78 on Thursday. Analog Devices has a 52 week low of $74.25 and a 52 week high of $98.38. The stock has a market cap of $34,592.78, a P/E ratio of 45.30, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

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

In related news, Director Kenton J. Sicchitano sold 7,500 shares of Analog Devices stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $91.45, for a total transaction of $685,875.00. Following the completion of the sale, the director now owns 25,285 shares of the company’s stock, valued at approximately $2,312,313.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 169,061 shares of company stock valued at $14,631,741. Insiders own 1.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. boosted its holdings in Analog Devices by 56.0% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 2,970 shares during the period. Captrust Financial Advisors bought a new stake in Analog Devices in the 2nd quarter valued at about $1,130,000. Chevy Chase Trust Holdings Inc. boosted its holdings in Analog Devices by 1.4% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock valued at $27,636,000 after purchasing an additional 4,416 shares during the period. Renaissance Technologies LLC boosted its holdings in Analog Devices by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock valued at $171,774,000 after purchasing an additional 94,804 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Analog Devices by 25.4% in the 2nd quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock valued at $10,021,000 after purchasing an additional 26,076 shares during the period. 87.21% of the stock is owned by institutional investors and hedge funds.

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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)

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