Analog Devices, Inc. (NASDAQ:ADI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $252.05.

Several research firms recently issued reports on ADI. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial cut shares of Analog Devices from a “buy” rating to a “hold” rating and cut their price target for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Morgan Stanley upped their price target on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th.

Insider Activity at Analog Devices

In other news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the transaction, the executive vice president now owns 59,093 shares in the company, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,921,334.21. This trade represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,995 shares of company stock worth $25,116,338 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Large investors have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of Analog Devices by 9.9% in the third quarter. Tidal Investments LLC now owns 24,314 shares of the semiconductor company’s stock worth $5,596,000 after buying an additional 2,188 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of Analog Devices by 13.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 113,055 shares of the semiconductor company’s stock worth $26,022,000 after buying an additional 13,788 shares during the period. Sfmg LLC boosted its holdings in shares of Analog Devices by 64.9% in the third quarter. Sfmg LLC now owns 2,252 shares of the semiconductor company’s stock worth $518,000 after buying an additional 886 shares during the period. World Investment Advisors LLC boosted its holdings in shares of Analog Devices by 4,581.5% in the third quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company’s stock worth $9,709,000 after buying an additional 41,279 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Analog Devices by 0.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company’s stock worth $1,768,000 after buying an additional 65 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 4.2 %

ADI opened at $223.58 on Tuesday. The stock has a market capitalization of $111.01 billion, a PE ratio of 67.14, a P/E/G ratio of 3.02 and a beta of 1.08. The firm’s fifty day moving average price is $224.88 and its 200 day moving average price is $225.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. Analog Devices has a 12-month low of $179.63 and a 12-month high of $244.14.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.