Analog Devices (NASDAQ:ADI) Downgraded to 'Hold' at StockNews.com

In a report published on Friday, the rating went from 'buy' to 'hold'.

ADI was the subject of other research reports. Raymond James raised their price target on Analog Devices to $225.00 from $200.00 in a report published on Thursday 16th February. They also gave the stock a 'outperform rating'. Oppenheimer reduced its price target on Analog Devices in a Thursday report from $230.00 down to $215.00. Cowen raised their price target on Analog Devices to $225.00 from $200.00 in a report published on Thursday, 16th February. The stock was given an 'outperform rating'. Credit Suisse Group raised their price target on Analog Devices to $225.00 from $185.00 in a report published on Thursday, 16th February. The stock was also given a "buy" rating. Goldman Sachs Group raised their price target for Analog Devices to $210.00 from $186.00 in a research report on Thursday, 16th February. Five analysts gave the stock a hold recommendation and seventeen others have given it a buy recommendation. During Friday's trading hours, a total of $176.53 was traded. Analog Devices's one-year low is $133.48, and its one-year high is $198.24. The company has a 50-day moving median of $186.11, and a 200 day moving medium of $176.80. The company's current ratio is 1.79, its quick ratio is 1.50, and it has a debt to equity ratio of 0.18.

The last time ) released its quarterly results was on Wednesday, 24th May. The semiconductor company posted $2.83 per share for the quarter. This was $0.08 higher than analysts' expectations of $2.75. Revenue for the quarter was $3.26 billion, which is higher than analyst expectations of $3.21. Analog Devices' return on equity was 15.27%, and its net margin was 28.16 percent. Analog Devices reported a 9.8% increase in revenue on an annual basis. In the same quarter of the previous year, Analog Devices earned $2.40 in earnings per share. Analysts predict Analog Devices to post an average of 10.65 earnings per shares for the current fiscal.

Inside Analog Devices

In a transaction that took place on Monday, 20th March, 26,250 shares were sold. The stock was purchased at an average of $187.01 for a transaction totaling $4,909 012.50. The chief financial officer owns approximately $4,464,115.71 worth of shares after the completion and closing of the transaction. In a transaction that took place on Monday, 20th March, 26,250 shares were sold. The stock was purchased at a price of $187.01 on average, which equates to a transaction value of $4,909 012.50. The chief financial officer owns approximately $4,464,115.71 worth of shares after the transaction. Sold 1,495 shares in a deal dated March 14th. The stock was bought at an average of $185.44 for a value of $277.232.80. After the transaction, the Director now owns 6,371 of the Company's Stock, valued at around $1,181,438.24. Insiders own 0.46%.

Hedge Funds weigh in on Analog Devices

Several hedge fund managers have recently changed their holdings in ADI. Kistler Tiffany Companies LLC purchased a new position of shares in Analog Devices during the fourth quarter, valued at approximately $25,000. Silicon Valley Capital Partners purchased a new position of shares in Analog Devices during the first quarter, valued at approximately $27,000. My Personal CFO LLC purchased a stake in Analog Devices during the 4th Quarter valued at approximately $29,000. Magellan Asset Management Ltd purchased a new Analog Devices stake during the first quarter, valued at approximately $30,000. Fortis Capital Advisors LLC also acquired a stake in Analog Devices during the first quarter, valued at approximately $31,000. 85.34% is owned by institutional investors.

What Analog Devices Are

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Analog Devices, Inc. is a high-performance semiconductor manufacturer that designs, develops, manufactures, and markets integrated circuits. It manufactures a wide range of innovative products including data converters (including linear and amplifiers), radio frequency (RF ICs), power management products (including sensors based on MEMS technology) and other sensors.

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