Analog Devices (NASDAQ: ADI) PT raised to $ 200.00 at Deutsche Bank Aktiengesellschaft

Analog devices (NASDAQ: ADI) saw its target price raised by stock researchers at Deutsche Bank Aktiengesellschaft from $ 190.00 to $ 200.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the shares of the semiconductor company. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential rise of 13.46% from the current share price.

A number of other analysts have also published reports on ADI. The UBS group began covering shares of Analog Devices in a research note on Wednesday, October 13. They issued a “buy” rating and a price target of $ 210.00 for the company. Robert W. Baird reaffirmed a “buy” note on shares of Analog Devices in a report released Thursday, November 25. BMO Capital Markets raised its price target for Analog Devices stock from $ 190.00 to $ 220.00 and rated the stock “outperform” in a report released on Tuesday, November 23. Needham & Company LLC raised its price target for the stock of Analog Devices from $ 200.00 to $ 205.00 and assigned a “buy” rating to the stock in a report released on Wednesday, November 24. Finally, Citigroup raised its price target for the stock of Analog Devices from $ 191.00 to $ 216.00 and gave the stock a “buy” rating in a report released on Wednesday, November 24. One equity research analyst rated the stock with a sell rating, three issued a conservation rating, and twenty assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $ 199.87.

Shares of NASDAQ: ADI opened at $ 176.28 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.51, and a debt ratio of 0.16. The company has a fifty-day simple moving average of $ 178.86 and a 200-day simple moving average of $ 171.35. The company has a market cap of $ 64.91 billion, a PE ratio of 47.77, a price / earnings-growth ratio of 1.99, and a beta of 1.13. Analog Devices has a 12 month low of $ 141.31 and a 12 month high of $ 191.95.

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Analog Devices (NASDAQ: ADI) last released its quarterly results on Tuesday, November 23. The semiconductor company reported earnings per share (EPS) of $ 1.73 for the quarter, beating analyst consensus estimates of $ 1.70 by $ 0.03. The company posted revenue of $ 2.34 billion in the quarter, compared to analysts’ estimates of $ 2.31 billion. Analog Devices had a net margin of 19.00% and a return on equity of 13.92%. The company’s turnover is up 53.3% compared to the same quarter last year. In the same quarter of the previous year, the company achieved earnings per share of $ 1.44. As a group, equity research analysts predict that Analog Devices will post 7.54 EPS for the current fiscal year.

Analog Devices announced that its board of directors authorized a share buyback program on Wednesday, August 25 that allows the company to repurchase $ 8.50 billion in shares. This buyback authorization authorizes the semiconductor company to buy back up to 13.8% of its shares through market purchases. Share buyback programs are usually a sign that company management thinks its stock is undervalued.

In addition, CEO Vincent Roche sold 10,000 shares of the company in a transaction dated Friday, October 1. The shares were sold for an average price of $ 168.09, for a total value of $ 1,680,900.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, director Tunc Doluca sold 7,000 shares of the company in a transaction dated Monday, November 1. The stock was sold for an average price of $ 173.18, for a total trade of $ 1,212,260.00. Disclosure of this sale can be found here. Insiders have sold 39,636 shares of the company valued at $ 6,940,012 in the past ninety days. Company insiders own 0.91% of the company’s shares.

Institutional investors recently changed their holdings in the company. Independence Bank of Kentucky increased its position in Analog Devices by 113.3% in the third quarter. Independence Bank of Kentucky now owns 160 shares of the semiconductor company valued at $ 27,000 after acquiring 85 additional shares in the last quarter. Asset Dedication LLC increased its position in Analog Devices by 184.5% in the third quarter. Asset Dedication LLC now owns 165 shares of the semiconductor company valued at $ 28,000 after acquiring 107 additional shares in the last quarter. Strategic Blueprint LLC purchased a new stake in Analog Devices in the second quarter valued at approximately $ 31,000. Sugarloaf Wealth Management LLC acquired a new stake in Analog Devices during the third quarter valued at approximately $ 32,000. Finally, Atlas Private Wealth Advisors acquired a new stake in Analog Devices during the 3rd quarter for a value of approximately $ 40,000. Hedge funds and other institutional investors hold 99.41% of the company’s shares.

Analog Devices Company Profile

Analog Devices, Inc is engaged in the design, development, manufacture and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, equipment. infrastructure, power management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles and consumer portable devices.

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Analyst recommendations for analog devices (NASDAQ: ADI)

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