Analog Devices (NASDAQ:ADI) PT Lowered to $210.00 at UBS Group

Analog Devices (NASDAQ:ADIGet Rating) had its target price lowered by UBS Group to $210.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

ADI has been the topic of several other research reports. Daiwa Capital Markets cut their price objective on Analog Devices from $217.00 to $200.00 and set a buy rating on the stock in a research note on Thursday, February 17th. Oppenheimer restated an outperform rating and set a $210.00 price objective on shares of Analog Devices in a research note on Monday, May 16th. StockNews.com initiated coverage on Analog Devices in a research note on Thursday, March 31st. They set a hold rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Analog Devices from $200.00 to $185.00 and set a hold rating on the stock in a research note on Thursday, February 17th. Finally, The Goldman Sachs Group cut their price objective on Analog Devices from $207.00 to $183.00 and set a buy rating on the stock in a research note on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $199.52.

Shares of ADI opened at $162.44 on Thursday. The company has a market capitalization of $85.01 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.53 and a beta of 1.07. Analog Devices has a one year low of $143.81 and a one year high of $191.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.65 and a current ratio of 1.99. The stock has a 50-day moving average price of $159.68 and a 200 day moving average price of $166.39.

Analog Devices (NASDAQ:ADIGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The semiconductor company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.29. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.84 billion. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. Analog Devices’s revenue for the quarter was up 78.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. As a group, equities research analysts forecast that Analog Devices will post 8.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, May 27th. Analog Devices’s payout ratio is currently 86.12%.

In other news, Director Tunc Doluca sold 4,700 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $159.76, for a total transaction of $750,872.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 3,901 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $163.14, for a total value of $636,409.14. Following the sale, the chief financial officer now directly owns 16,108 shares of the company’s stock, valued at $2,627,859.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,901 shares of company stock valued at $2,951,831. 0.91% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Analog Devices by 2.7% during the fourth quarter. State Street Corp now owns 21,482,120 shares of the semiconductor company’s stock valued at $3,775,912,000 after buying an additional 569,252 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Analog Devices by 2.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,807,729 shares of the semiconductor company’s stock valued at $1,785,221,000 after buying an additional 218,505 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Analog Devices by 13.7% during the first quarter. Wellington Management Group LLP now owns 9,338,263 shares of the semiconductor company’s stock valued at $1,542,495,000 after buying an additional 1,125,178 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Analog Devices by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 8,832,559 shares of the semiconductor company’s stock valued at $1,548,089,000 after buying an additional 305,461 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Analog Devices by 3.1% during the first quarter. Invesco Ltd. now owns 8,141,005 shares of the semiconductor company’s stock valued at $1,344,732,000 after buying an additional 247,249 shares in the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

Analog Devices Company Profile (Get Rating)

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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