Robert W. Baird Reiterates “Buy” Rating for Analog Devices (ADI)

Analog Devices (NASDAQ:ADI)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a report issued on Wednesday. They currently have a $100.00 target price on the semiconductor company’s stock. Robert W. Baird’s price target indicates a potential downside of 5.02% from the company’s previous close.

Several other brokerages also recently commented on ADI. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America raised shares of Analog Devices from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $125.00 in a research report on Monday, February 11th. Piper Jaffray Companies reissued an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a research report on Friday, February 1st. ValuEngine raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Finally, BidaskClub raised shares of Analog Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.96.

Shares of Analog Devices stock opened at $105.28 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.08. The stock has a market capitalization of $39.45 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.24. Analog Devices has a 1 year low of $76.62 and a 1 year high of $108.28.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.05. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. Analog Devices’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. Equities research analysts expect that Analog Devices will post 5.41 earnings per share for the current fiscal year.

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $93.34, for a total value of $933,400.00. Following the transaction, the chief executive officer now owns 27,376 shares of the company’s stock, valued at $2,555,275.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $93.34, for a total transaction of $252,018.00. Following the completion of the transaction, the senior vice president now directly owns 24,517 shares in the company, valued at approximately $2,288,416.78. The disclosure for this sale can be found here. In the last three months, insiders sold 33,103 shares of company stock worth $3,020,189. 0.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC raised its holdings in shares of Analog Devices by 14.9% during the third quarter. Cornerstone Wealth Management LLC now owns 43,393 shares of the semiconductor company’s stock worth $495,000 after acquiring an additional 5,639 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Analog Devices by 15.8% during the third quarter. IFM Investors Pty Ltd now owns 19,141 shares of the semiconductor company’s stock worth $1,770,000 after acquiring an additional 2,612 shares in the last quarter. First Midwest Bank Trust Division purchased a new stake in shares of Analog Devices during the third quarter worth $270,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Analog Devices by 7.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 11,911 shares of the semiconductor company’s stock worth $1,101,000 after acquiring an additional 833 shares in the last quarter. Finally, Dearborn Partners LLC raised its holdings in shares of Analog Devices by 4.2% during the third quarter. Dearborn Partners LLC now owns 80,635 shares of the semiconductor company’s stock worth $7,456,000 after acquiring an additional 3,262 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

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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Analyst Recommendations for Analog Devices (NASDAQ:ADI)

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