Analog Devices (NASDAQ:ADI) Given New $200.00 Price Target at Citigroup

Analog Devices (NASDAQ:ADI – Get Rating) had its price objective lowered by Citigroup from $225.00 to $200.00 in a report published on Thursday, The Fly reports.

Several other research firms also recently issued reports on ADI. BMO Capital Markets upped their price objective on Analog Devices from $195.00 to $215.00 and gave the stock an outperform rating in a report on Thursday, February 16th. Credit Suisse Group increased their price target on Analog Devices from $185.00 to $225.00 and gave the company a buy rating in a research note on Thursday, February 16th. The Goldman Sachs Group increased their price target on Analog Devices from $186.00 to $210.00 and gave the company a buy rating in a research note on Thursday, February 16th. Morgan Stanley cut their price target on Analog Devices from $210.00 to $195.00 in a research note on Wednesday. Finally, StockNews.com raised Analog Devices from a hold rating to a buy rating in a research note on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Analog Devices has an average rating of Moderate Buy and a consensus target price of $208.17.

Analog Devices Stock Down 0.5 %

NASDAQ:ADI opened at $172.39 on Thursday. The stock’s fifty day moving average price is $186.11 and its two-hundred day moving average price is $176.80. Analog Devices has a 52-week low of $133.48 and a 52-week high of $198.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.50 and a current ratio of 2.12. The company has a market cap of $87.20 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.44 and a beta of 1.15.

Analog Devices (NASDAQ:ADI – Get Rating) last posted its quarterly earnings data on Wednesday, May 24th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.08. Analog Devices had a return on equity of 14.69% and a net margin of 27.27%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the prior year, the business earned $2.40 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts anticipate that Analog Devices will post 10.65 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 51.89%.

Insiders Place Their Bets

In other Analog Devices news, CFO Prashanth Mahendra-Rajah sold 26,250 shares of the stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $187.01, for a total transaction of $4,909,012.50. Following the completion of the transaction, the chief financial officer now owns 23,871 shares in the company, valued at approximately $4,464,115.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director James Champy sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total value of $277,232.80. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,181,438.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 26,250 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $187.01, for a total value of $4,909,012.50. Following the completion of the transaction, the chief financial officer now owns 23,871 shares of the company’s stock, valued at approximately $4,464,115.71. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Hedge funds have recently modified their holdings of the stock. Kistler Tiffany Companies LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $25,000. Silicon Valley Capital Partners acquired a new stake in Analog Devices in the 1st quarter valued at about $27,000. My Personal CFO LLC acquired a new stake in Analog Devices during the fourth quarter worth approximately $29,000. Magellan Asset Management Ltd acquired a new stake in Analog Devices during the first quarter worth approximately $30,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Analog Devices during the first quarter worth approximately $31,000. Institutional investors own 85.34% of the company’s stock.

Analog Devices Company Profile

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.