Trading Report: Today, Analog Devices Inc. (ADI) PT Raised to $84.00 at KeyCorp

Today, Analog Devices Inc. (ADI) PT Raised to $84.00 at KeyCorp

Analog Devices Inc. (NASDAQ:ADI) had its target price raised by KeyCorp from $77.00 to $84.00 in a report published on Wednesday morning. KeyCorp currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Analog Devices from a hold rating to a buy rating and set a $72.00 price objective for the company in a report on Wednesday, October 5th. B. Riley reaffirmed a buy rating and set a $80.00 target price on shares of Analog Devices in a report on Tuesday, November 15th. Bank of America Corp. raised shares of Analog Devices from a neutral rating to a buy rating and upped their target price for the company from $72.89 to $85.00 in a report on Wednesday, November 23rd. MKM Partners upped their target price on shares of Analog Devices from $56.00 to $66.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Finally, Wells Fargo & Co. reaffirmed a buy rating on shares of Analog Devices in a report on Thursday, August 18th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Analog Devices presently has an average rating of Buy and a consensus target price of $73.97.

Analog Devices (NASDAQ:ADI) opened at 74.16 on Wednesday. The company has a market capitalization of $22.80 billion, a P/E ratio of 35.03 and a beta of 1.18. The firm has a 50-day moving average of $65.32 and a 200 day moving average of $61.66. Analog Devices has a one year low of $47.24 and a one year high of $74.87.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. The business earned $1 million during the quarter, compared to analysts’ expectations of $941.92 million. Analog Devices had a net margin of 25.18% and a return on equity of 19.31%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, equities analysts forecast that Analog Devices will post $3.40 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Friday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.26%. The ex-dividend date is Wednesday, November 30th. Analog Devices’s dividend payout ratio is presently 60.87%.

In other Analog Devices news, SVP Rick D. Hess sold 6,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $62.63, for a total transaction of $375,780.00. Following the transaction, the senior vice president now directly owns 30,495 shares in the company, valued at approximately $1,909,901.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Hodgson sold 7,500 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $64.42, for a total transaction of $483,150.00. Following the transaction, the director now owns 18,485 shares in the company, valued at $1,190,803.70. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Evercore Wealth Management LLC boosted its position in shares of Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the company’s stock valued at $100,000 after buying an additional 123 shares during the last quarter. Peddock Capital Advisors LLC acquired a new position in shares of Analog Devices during the third quarter valued at about $101,000. NN Investment Partners Holdings N.V. boosted its position in shares of Analog Devices by 16.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,079 shares of the company’s stock valued at $118,000 after buying an additional 300 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Analog Devices by 94.4% in the third quarter. Penserra Capital Management LLC now owns 1,932 shares of the company’s stock valued at $123,000 after buying an additional 938 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Analog Devices by 18.9% in the second quarter. Quadrant Capital Group LLC now owns 2,421 shares of the company’s stock valued at $131,000 after buying an additional 384 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Analog Devices Company Profile

Related posts

Leave a Comment