BidaskClub upgraded shares of Analog Devices (NASDAQ:ADI) from a hold rating to a buy rating in a research note issued to investors on Friday, January 5th.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada reiterated a buy rating and issued a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. Piper Jaffray Companies began coverage on Analog Devices in a research report on Monday, December 18th. They issued a neutral rating and a $92.00 price target on the stock. Morgan Stanley upped their price target on Analog Devices from $103.00 to $108.00 and gave the company an overweight rating in a research report on Wednesday, December 13th. KeyCorp reiterated a buy rating and issued a $107.00 price target on shares of Analog Devices in a research report on Friday, November 24th. Finally, Stifel Nicolaus lowered their price target on Analog Devices from $100.00 to $98.00 and set a buy rating on the stock in a research report on Wednesday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $97.21.

How to Become a New Pot Stock Millionaire

Analog Devices (NASDAQ:ADI) opened at $93.78 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The company has a market capitalization of $34,570.00, a price-to-earnings ratio of 47.36, a P/E/G ratio of 1.74 and a beta of 1.29. Analog Devices has a 12 month low of $74.25 and a 12 month high of $98.38.

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

In related news, SVP Margaret K. Seif sold 6,345 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $88.49, for a total value of $561,469.05. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at $1,805,549.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jean Philibert sold 5,098 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total value of $460,043.52. Following the completion of the transaction, the senior vice president now owns 5,098 shares in the company, valued at approximately $460,043.52. The disclosure for this sale can be found here. Insiders have sold 169,061 shares of company stock worth $14,631,741 in the last 90 days. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Pathstone Family Office LLC lifted its stake in Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 15 shares during the period. Cookson Peirce & Co. Inc. lifted its stake in Analog Devices by 0.4% in the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock valued at $812,000 after buying an additional 40 shares during the period. Simmons Bank lifted its stake in Analog Devices by 0.8% in the second quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 59 shares during the period. Advisory Services Network LLC lifted its stake in Analog Devices by 3.1% in the second quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 100 shares during the period. Finally, North Star Asset Management Inc. lifted its stake 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 buying an additional 106 shares during the period. Institutional investors and hedge funds own 87.21% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was published by Marea Informative and is the property of of Marea Informative. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.mareainformativa.com/2018/01/30/bidaskclub-upgrades-analog-devices-adi-to-buy-updated-updated-updated.html.

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)

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.