Stocks of Analog Devices Inc. (NASDAQ:ADI) traded higher last session on Wall Street, up 5.77% to $168.43.
According to the data, Analog Devices Inc. (NASDAQ:ADI) has 30 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $140.00, we find $195.00. Given the previous closing price of $159.24, this indicates a potential upside of 22.46 percent. ADI stock price is now 14.38% away from the 50-day moving average and 7.75% away from the 200-day moving average. The market capitalization of the company currently stands at $86.43B.
A total of 8 analysts have issued a hold rating and 17 have given it a buy rating. Brokers who have rated the stock have averaged $189.91 as their price target over the next twelve months.
On October 24, 2022, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $180 to quote $140, while ‘Cowen’ rates the stock as ‘Outperform’.
In other news, DOLUCA TUNC, Director sold 1,700 shares of the company’s stock on Nov 10. The stock was sold for $272,000 at an average price of $160.00. Upon completion of the transaction, the Director now directly owns 68,657 shares in the company, valued at $11.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04, Director DOLUCA TUNC sold 2,400 shares of the business’s stock. A total of $360,003 was realized by selling the stock at an average price of $150.00. This leaves the insider owning 69,157 shares of the company worth $11.65 million. Insiders disposed of 247,963 shares of company stock worth roughly $41.76 million over the past 1 year. A total of 0.92% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADI stock. A new stake in Analog Devices Inc. shares was purchased by GQG PARTNERS LLC during the first quarter worth $477,216,000. FARMER STEVEN PATRICK invested $119,462,000 in shares of ADI during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Analog Devices Inc. valued at approximately $85,187,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in ADI for approximately $43,600,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in ADI valued at around $23,074,000 in the second quarter. In total, there are 1,782 active investors with 88.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $165.18 for Analog Devices Inc. (NASDAQ: ADI). During the past 12 months, Analog Devices Inc. has had a low of $133.48 and a high of $191.95. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.90, and a quick ratio of 1.40. The fifty day moving average price for ADI is $147.66 and a two-hundred day moving average price translates $156.35 for the stock.
The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for Jul, 2022. According to the Semiconductors Company, earnings per share came in at $2.52, beating analysts’ expectations of $2.43 by 0.09. This compares to $1.35 EPS in the same period last year. The net profit margin was 17.00% and return on equity was 5.10% for ADI. The company reported revenue of $3.11 billion for the quarter, compared to $1.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 76.81 percent. For the current quarter, analysts expect ADI to generate $3.15B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2022. Investors who held shares on 08/30/2022 were paid a $0.76 dividend. On an annualized basis, this represents a $3.04 dividend and a 1.80% percent yield. There was an ex-dividend date of 08/29/2022 for this dividend. In terms of dividend payout ratio, ADI is presently at 79.70%.
Analog Devices Inc.(ADI) 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 include performance, integration, and software design simulation tools for accurate power supply designs. It also offers high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and microelectromechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company offers digital signal processing and system products for high-speed numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, and communications markets through a direct sales force, third-party distributors, and independent sales representatives in the United States, the rest of North and South America, Europe, Japan, China, and rest of Asia, as well as through its Website. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.