Latest Stocks: Analog Devices, Inc. (ADI) Given Buy Rating at Drexel Hamilton

Latest Stocks: Analog Devices, Inc. (ADI) Given Buy Rating at Drexel Hamilton

Drexel Hamilton reaffirmed their buy rating on shares of Analog Devices, Inc. (NASDAQ:ADI) in a research note issued to investors on Wednesday. Drexel Hamilton currently has a $105.00 target price on the semiconductor company’s stock, up from their previous target price of $93.00.

Several other equities analysts have also weighed in on ADI. B. Riley restated a buy rating and issued a $103.00 price target on shares of Analog Devices in a research note on Wednesday, March 22nd. Stifel Nicolaus lifted their price target on Analog Devices to $92.00 and gave the company a buy rating in a research note on Tuesday, March 7th. BMO Capital Markets restated a buy rating and issued a $96.00 price target on shares of Analog Devices in a research note on Friday, March 31st. Jefferies Group LLC reiterated a buy rating and set a $100.00 price objective on shares of Analog Devices in a research note on Monday, May 22nd. Finally, Credit Suisse Group AG reiterated a buy rating and set a $100.00 price objective on shares of Analog Devices in a research note on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $88.67.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Friday, June 9th will be paid 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 (DPR) is 60.87%. In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total transaction of $4,108,750.00. Following the transaction, the chief executive officer now directly owns 61,484 shares in the company, valued at $5,318,366. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $83.29, for a total value of $4,164,500.00. Following the transaction, the director now owns 259,481 shares in the company, valued at $21,612,172.49. The disclosure for this sale can be found here. Insiders have sold 182,195 shares of company stock worth $15,165,148 over the last 90 days. 1.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADI. OLD Dominion Capital Management Inc. boosted its position in Analog Devices by 3.7% in the third quarter. OLD Dominion Capital Management Inc. now owns 16,317 shares of the semiconductor company’s stock worth $1,052,000 after buying an additional 583 shares during the period. Markel Corp boosted its position in Analog Devices by 51.5% in the third quarter. Markel Corp now owns 312,000 shares of the semiconductor company’s stock worth $20,108,000 after buying an additional 106,000 shares during the period. First Eagle Investment Management LLC boosted its position in Analog Devices by 33.0% in the third quarter. First Eagle Investment Management LLC now owns 4,031,950 shares of the semiconductor company’s stock worth $259,859,000 after buying an additional 1,001,397 shares during the period. Ifrah Financial Services Inc. purchased a new position in Analog Devices during the third quarter worth approximately $357,000. Finally, Windsor Capital Management LLC purchased a new position in Analog Devices during the third quarter worth approximately $572,000. Institutional investors own 90.38% of the company’s stock. About Analog Devices

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