Trade Report: Today, Analog Devices’ (ADI) Outperform Rating Reaffirm at RBC Capital Markets

Today, Analog Devices’ (ADI) Outperform Rating Reaffirm at RBC Capital Markets

Analog Devices Inc. (NASDAQ:ADI)‘s stock had its “outperform” rating reiterated by investment analysts at RBC Capital Markets in a research note issued to investors on Friday. They currently have a $75.00 price objective on the stock. RBC Capital Markets’ price target would suggest a potential upside of 1.92% from the stock’s current price.

Other equities research analysts have also issued reports about the company. B. Riley restated a “buy” rating and set a $73.00 price target on shares of Analog Devices in a research report on Monday, August 1st. KeyCorp lifted their price target on Analog Devices from $77.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird lifted their price target on Analog Devices to $77.00 in a research report on Wednesday. MKM Partners lifted their price target on Analog Devices from $67.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded Analog Devices from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research report on Thursday, July 28th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.97.

Shares of Analog Devices (NASDAQ:ADI) traded up 0.45% during midday trading on Friday, hitting $73.92. The stock had a trading volume of 912,938 shares. Analog Devices has a 12 month low of $47.24 and a 12 month high of $74.87. The stock’s 50-day moving average is $64.77 and its 200-day moving average is $61.30. The stock has a market cap of $22.73 billion, a PE ratio of 34.92 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.16. Analog Devices had a return on equity of 19.51% and a net margin of 25.18%. The company had revenue of $1 million for the quarter, compared to analyst estimates of $941.92 million. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Analog Devices will post $3.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.68 dividend on an annualized basis and a yield of 2.28%. Analog Devices’s dividend payout ratio (DPR) is presently 60.87%.

In other news, Director John C. Hodgson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $64.42, for a total value of $483,150.00. Following the sale, the director now directly owns 18,485 shares in the company, valued at $1,190,803.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Rick D. Hess sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $62.63, for a total value of $375,780.00. Following the completion of the sale, the senior vice president now owns 30,495 shares in the company, valued at $1,909,901.85. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Several large investors have recently modified their holdings of ADI. Tdam USA Inc. increased its stake in shares of Analog Devices by 0.3% in the second quarter. Tdam USA Inc. now owns 9,028 shares of the company’s stock valued at $511,000 after buying an additional 23 shares during the last quarter. World Asset Management Inc increased its stake in shares of Analog Devices by 0.3% in the second quarter. World Asset Management Inc now owns 30,251 shares of the company’s stock valued at $1,713,000 after buying an additional 77 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Analog Devices by 1.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,875 shares of the company’s stock valued at $401,000 after buying an additional 102 shares during the last quarter. HL Financial Services LLC increased its stake in shares of Analog Devices by 1.0% in the second quarter. HL Financial Services LLC now owns 11,786 shares of the company’s stock valued at $667,000 after buying an additional 113 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in shares of Analog Devices by 0.5% in the second quarter. West Oak Capital LLC now owns 21,430 shares of the company’s stock valued at $1,214,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

Analog Devices Company Profile

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