News articles about Analog Devices (NASDAQ:ADI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Analog Devices earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.6863898550872 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- 4 Technology Stocks Poised to Trump on Earnings in Q4 (nasdaq.com)
- Analog Devices, Inc. (ADI) Shares Sold by Dalton Greiner Hartman Maher & Co. (topix.com)
- Analog Devices, Inc. (ADI) Director Ray Stata Sells 10,000 Shares (topix.com)
- Does Analog Devices Inc’s (NASDAQ:ADI) Past Performance Indicate A Weaker Future? (finance.yahoo.com)
- ADI 72V Hybrid Step-Down DC/DC Controller Reduces Solution Size by 50% Compared to Traditional Architectures (businesswire.com)
A number of analysts recently commented on ADI shares. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 10th. B. Riley reiterated a “buy” rating and set a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Oppenheimer reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Friday, November 17th. Stifel Nicolaus raised their price target on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $98.00 price target on shares of Analog Devices in a research note on Wednesday, September 20th. Twelve analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Analog Devices has a consensus rating of “Buy” and an average target price of $97.21.
Analog Devices (NASDAQ:ADI) traded up $0.83 during trading on Friday, reaching $92.02. The company had a trading volume of 3,156,049 shares, compared to its average volume of 2,630,000. The firm has a market cap of $33,920.00, a price-to-earnings ratio of 46.47, a PEG ratio of 1.70 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices has a 12-month low of $71.00 and a 12-month high of $93.99.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. sell-side analysts anticipate that Analog Devices will post 5.2 earnings per share for the current year.
In other news, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the sale, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,210,077.33. The disclosure for this sale can be found here. Insiders have sold a total of 178,566 shares of company stock worth $15,473,748 over the last 90 days. 1.10% of the stock is owned by company insiders.
Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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