The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Analog Devices (NDAQ:ADI) opened at 82.72 on Monday. The most recent short interest data show 5.05% of the company's stock are short sold. The stock's market capitalization is 25.74B, it has a 52-week low of 52.17 and a 52-week high of 84.24. In this case, we are using the relationship between the 50-day (77.67) and 200-day (67.22) simple moving averages. Analog Devices's quarterly revenue was up 27.9% compared to the same quarter previous year.
Quarterly EPS forecast is $0.85. The company earned $984 million during the quarter, compared to the consensus estimate of $871.58 million. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. That value represents a market adjusting for revenues that have been growing by 27.95 % on a quarterly year/year basis as of the company's last quarterly report. Semiconductor - Integrated Circuits exhibits an EPS value of 3.40% for the next five years. Bank of America Corp raised Analog Devices from a neutral rating to a buy rating and raised their price target for the stock from $72.89 to $85.00 in a research report on Wednesday, November 23rd.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 24th were given a $0.45 dividend. The ex-dividend date was Wednesday, February 22nd. ABR value is precisely based on brokerage recommendations, where out of 18 brokerage recommendations 10 rate Analog Devices, Inc.
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ADI's revenue has grown at an average annualized rate of about 2.7% during the past five years. Current year EPS projections for Analog Devices, Inc.
Several other institutional investors have also recently bought and sold shares of ADI. Analog Devices, Inc. (NASDAQ:ADI) witnessed a decline in the market cap on Thursday as its shares dropped 0.95% or 0.79 points. They issued an "outperform" rating and a $100.00 price target for the company.
Based on the Stock Research reports from financial advisors, there are 10 Analysts recommending as a Strong Buy, and 3 Analysts recommending as a Moderate Buy. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Analog Devices presently has a consensus rating of Buy and a consensus price target of $83.04. Kentucky Retirement Systems acquired a new position in Analog Devices during the second quarter worth $1,480,000. Prospera Financial Services Inc purchased a new position in Analog Devices during the third quarter valued at about $451,000. The volume of the company in the last trading session was 4.09 Million. Finally, Evercore Wealth Management LLC boosted its position in Analog Devices by 7.5% in the second quarter. Following the completion of the sale, the director now directly owns 15,185 shares of the company's stock, valued at $1,263,847.55. Institutional investors and hedge funds own 90.38% of the company's stock. The Companys produces a wide range of products including data converters amplifiers and linear products radio frequency (RF) ICs power management products sensors based on micro-electro mechanical systems (MEMS) technology and other sensors and processing products including DSP and other processors that are created to meet the needs of a broad base of customers.