Latest Stocks: Analog Devices, Inc. (ADI) Earns Neutral Rating from Goldman Sachs Group Inc

Latest Stocks: Analog Devices, Inc. (ADI) Earns Neutral Rating from Goldman Sachs Group Inc

Goldman Sachs Group Inc reaffirmed their neutral rating on shares of Analog Devices, Inc. (NASDAQ:ADI) in a research report report published on Thursday. Goldman Sachs Group Inc currently has a $90.00 price objective on the semiconductor company’s stock, up from their previous price objective of $87.00.

Other equities research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a buy rating and set a $89.00 price objective on shares of Analog Devices in a research report on Saturday, February 18th. Stifel Nicolaus reaffirmed a buy rating and set a $95.00 price objective on shares of Analog Devices in a research report on Monday, March 13th. Stephens raised shares of Analog Devices from an equal weight rating to an overweight rating in a research report on Monday, April 24th. Jefferies Group LLC reissued a buy rating and issued a $100.00 target price on shares of Analog Devices in a report on Monday, May 22nd. Finally, Credit Suisse Group AG started coverage on shares of Analog Devices in a report on Tuesday, March 14th. They issued an outperform rating and a $100.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $88.67.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Friday, June 9th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Wednesday, June 7th. Analog Devices’s dividend payout ratio is presently 60.87%. In other Analog Devices news, SVP Peter Real sold 3,500 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $83.26, for a total transaction of $291,410.00. Following the completion of the sale, the senior vice president now owns 12,526 shares of the company’s stock, valued at approximately $1,042,914.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 47,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total value of $4,108,750.00. Following the transaction, the chief executive officer now owns 61,484 shares in the company, valued at $5,318,366. The disclosure for this sale can be found here. Insiders have sold a total of 182,195 shares of company stock valued at $15,165,148 in the last three months. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of ADI. Sunbelt Securities Inc. boosted its position in Analog Devices by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 3,591 shares of the semiconductor company’s stock worth $261,000 after buying an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after buying an additional 11 shares during the last quarter. Asset Management Group Inc. boosted its position in Analog Devices by 0.6% in the fourth quarter. Asset Management Group Inc. now owns 3,299 shares of the semiconductor company’s stock worth $240,000 after buying an additional 19 shares during the last quarter. King Luther Capital Management Corp boosted its position in Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock worth $305,000 after buying an additional 32 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its position in Analog Devices by 1.5% in the first quarter. Peapack Gladstone Financial Corp now owns 3,095 shares of the semiconductor company’s stock worth $254,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock. Analog Devices Company Profile

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