Analog Devices (ADI) Earns News Impact Score of 0.22

Media headlines about Analog Devices (NASDAQ:ADI) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Analog Devices earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.1327006076676 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research firms have issued reports on ADI. B. Riley reiterated a “buy” rating and issued a $110.00 price objective on shares of Analog Devices in a report on Sunday, August 27th. Drexel Hamilton reissued a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research note on Wednesday, August 30th. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $100.00 target price (up from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Eleven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $92.85.

Analog Devices (NASDAQ:ADI) opened at 88.83 on Friday. Analog Devices has a 1-year low of $60.97 and a 1-year high of $90.49. The company has a market cap of $32.66 billion, a P/E ratio of 44.22 and a beta of 1.30. The stock has a 50 day moving average price of $84.11 and a 200 day moving average price of $80.60.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. Analog Devices’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. On average, equities research analysts anticipate that Analog Devices will post $4.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. Analog Devices’s dividend payout ratio is currently 86.12%.

In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $80.35, for a total transaction of $241,050.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,639,461.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenton J. Sicchitano sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $88.15, for a total value of $1,322,250.00. The disclosure for this sale can be found here. Insiders have sold 126,494 shares of company stock worth $10,677,931 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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