Analog Devices (ADI) – Investment Analysts’ Recent Ratings Changes

Analog Devices (NASDAQ: ADI) has recently received a number of price target changes and ratings updates:

  • 2/5/2019 – Analog Devices was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The company continues to benefit from its strength across industrial, automotive and communications markets. Further, the company is currently riding on positive contributions from Linear Technology acquisition. Estimates have been stable lately ahead of the company’s fiscal Q1 earnings release. The company has positive record of earnings surprises in recent quarters. However, the results continues to be impacted by weakness in the consumer end market. Also, declining usage of the company’s products in portable consumer applications is a major headwind. Moreover, macro uncertainty and geopolitical fears remain concerns.”
  • 2/1/2019 – Analog Devices had its “outperform” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $112.00 price target on the stock.
  • 1/30/2019 – Analog Devices was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/30/2019 – Analog Devices was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Analog Devicesis is an OEM of semiconductor devices, specifically, analog, mixed signal and digital signal processing integrated circuits. Shares of the company has outperformed the industry it belongs to in the past one year. The company continues to benefit from its strength across industrial, automotive and communications markets. Further, the company is currently riding on positive contributions from Linear Technology acquisition. However, Analog Devices continues to be impacted by weakness in the consumer end market. Also, declining usage of the company’s products in portable consumer applications is a major headwind. Moreover, macro uncertainty and geopolitical fears remain concerns. Notably, estimates have been stable lately ahead of the company’s fiscal Q1 earnings release.”
  • 1/25/2019 – Analog Devices was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/24/2019 – Analog Devices was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Analog Devices stock has outperformed the industry it belongs to in the past one year. The company continues to benefit from its strength across industrial, automotive and communications markets. Further, the company is currently riding on positive contributions from Linear Technology acquisition. Estimates have been stable lately ahead of the company’s fiscal Q1 earnings release. The company has positive record of earnings surprises in recent quarters. However, the results continues to be impacted by weakness in the consumer end market. Also, declining usage of the company’s products in portable consumer applications is a major headwind. Moreover, macro uncertainty and geopolitical fears remain concerns.”
  • 1/18/2019 – Analog Devices had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $102.00 price target on the stock.
  • 1/14/2019 – Analog Devices had its price target lowered by analysts at Evercore ISI from $105.00 to $96.00.
  • 1/4/2019 – Analog Devices was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $81.00 price target on the stock.
  • 1/4/2019 – Analog Devices was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 12/20/2018 – Analog Devices was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/19/2018 – Analog Devices had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 12/18/2018 – Analog Devices was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $88.05 price target on the stock.

NASDAQ:ADI opened at $100.73 on Monday. The stock has a market cap of $37.20 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.50 and a quick ratio of 1.08. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $103.59.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Analog Devices had a net margin of 24.12% and a return on equity of 20.88%. Analog Devices’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. Equities research analysts expect that Analog Devices, Inc. will post 5.42 earnings per share for the current year.

In other news, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $93.34, for a total transaction of $252,018.00. Following the sale, the senior vice president now owns 24,517 shares of the company’s stock, valued at approximately $2,288,416.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $90.01, for a total transaction of $900,100.00. Following the sale, the director now directly owns 161,936 shares in the company, valued at approximately $14,575,859.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,803 shares of company stock valued at $3,264,080. 0.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ADI. Oregon Public Employees Retirement Fund boosted its holdings in shares of Analog Devices by 8,439.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,472,596 shares of the semiconductor company’s stock worth $40,000 after buying an additional 3,431,930 shares during the last quarter. Capital International Investors boosted its holdings in shares of Analog Devices by 92.8% in the third quarter. Capital International Investors now owns 6,039,400 shares of the semiconductor company’s stock worth $558,403,000 after buying an additional 2,906,159 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Analog Devices by 138.1% in the third quarter. American Century Companies Inc. now owns 2,314,874 shares of the semiconductor company’s stock worth $214,033,000 after buying an additional 1,342,492 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Analog Devices by 6.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,194,991 shares of the semiconductor company’s stock worth $1,561,676,000 after buying an additional 1,147,088 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Analog Devices by 3,063.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,079,103 shares of the semiconductor company’s stock worth $92,619,000 after buying an additional 1,044,995 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.

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