Susquehanna Reaffirms “Positive” Rating for Analog Devices (NASDAQ:ADI)

Analog Devices (NASDAQ:ADI)‘s stock had its “positive” rating restated by analysts at Susquehanna in a research note issued on Monday, Benzinga reports. They presently have a $215.00 price target on the semiconductor company’s stock. Susquehanna’s price objective would suggest a potential upside of 19.57% from the stock’s previous close.

Other analysts also recently issued reports about the company. Citigroup lowered their price objective on Analog Devices from $225.00 to $200.00 in a research note on Thursday, May 25th. Truist Financial lowered their price objective on Analog Devices from $251.00 to $213.00 in a research note on Thursday, May 25th. BMO Capital Markets lowered their price objective on Analog Devices from $215.00 to $200.00 in a research note on Thursday, May 25th. Oppenheimer reissued an “outperform” rating and issued a $215.00 price objective on shares of Analog Devices in a research note on Thursday, August 24th. Finally, Stifel Nicolaus increased their price objective on Analog Devices from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $203.79.

Analog Devices Trading Up 0.9 %

Shares of Analog Devices stock traded up $1.67 on Monday, hitting $179.81. 981,620 shares of the company’s stock traded hands, compared to its average volume of 3,420,988. Analog Devices has a one year low of $133.48 and a one year high of $200.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.71 and a quick ratio of 1.10. The company has a fifty day moving average of $185.76 and a two-hundred day moving average of $185.76. The company has a market capitalization of $89.60 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 23rd. The semiconductor company reported $2.49 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.03). The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.52 EPS. As a group, sell-side analysts expect that Analog Devices will post 10.12 earnings per share for the current year.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $197.64, for a total transaction of $1,976,400.00. Following the completion of the sale, the chief executive officer now owns 70,713 shares of the company’s stock, valued at $13,975,717.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 30,000 shares of company stock valued at $5,661,500. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

A number of large investors have recently added to or reduced their stakes in ADI. Concord Wealth Partners raised its position in Analog Devices by 107.9% during the second quarter. Concord Wealth Partners now owns 131 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 68 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in Analog Devices during the first quarter valued at about $27,000. Magellan Asset Management Ltd purchased a new position in shares of Analog Devices in the first quarter worth about $30,000. Duncker Streett & Co. Inc. lifted its stake in shares of Analog Devices by 66.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 153 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 61 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Analog Devices in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 85.55% of the company’s stock.

Analog Devices Company Profile

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 that include performance, integration, and software design simulation tools for accurate power supply designs.