News headlines about Analog Devices (NASDAQ:ADI) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Analog Devices earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.9942890195828 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Analog Devices, Inc. (ADI) Director James Champy Sells 2,455 Shares (americanbankingnews.com)
- Analog Devices, Inc. (ADI) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Apple is secretly creating its own microLED screens: Bloomberg (finance.yahoo.com)
- This Tech Stock Just Raised Its Dividend, but Where's the Love? (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Analog Devices Inc. (finance.yahoo.com)
Analog Devices (NASDAQ ADI) traded down $2.84 on Friday, hitting $87.70. The stock had a trading volume of 2,341,960 shares, compared to its average volume of 3,110,413. Analog Devices has a 52 week low of $74.65 and a 52 week high of $98.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71. The stock has a market cap of $34,317.77, a PE ratio of 41.96, a PEG ratio of 1.39 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 54.4% on a year-over-year basis. sell-side analysts predict that Analog Devices will post 5.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 9th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 8th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is 91.87%.
ADI has been the subject of several research analyst reports. Zacks Investment Research cut Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a report on Thursday, January 4th. Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Tuesday, February 20th. Finally, Stifel Nicolaus increased their price objective on Analog Devices from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Analog Devices presently has an average rating of “Buy” and an average target price of $100.57.
In other Analog Devices news, SVP Gregory N. Henderson sold 4,000 shares of Analog Devices stock in a transaction on Friday, January 5th. The stock was sold at an average price of $91.52, for a total value of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares of the company’s stock, valued at approximately $106,437.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Yusuf Jamal sold 718 shares of Analog Devices stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total value of $65,259.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,882 shares of company stock valued at $6,709,552. 1.10% of the stock is owned by corporate insiders.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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