Analog Devices, Inc. (NASDAQ:ADI) stock is presently standing at about $73.59 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 24 analysts covering the company is $76.00, which suggests the stock could still rise over 3 percent. The highest analyst price target is $90.00, which implies a rally of 78 percent. And a quick view of analyst notes show that 10 are rating the stock a buy while 6 rate ADI a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.
BofA/Merrill analysts provided their view on Analog Devices, Inc. (NASDAQ:ADI) recently. The rating firm issued a Buy rating to this company in a research note released on Nov 23, 2016. CLSA analysts disclosed their opinion on Analog Devices, Inc. (NASDAQ:ADI) recently. The rating firm gave a Outperform rating to this stock in a research note published on Oct 20, 2016. According to a research note disclosed on Jul 27, 2016, analysts at Goldman have upped their rating on these shares from Sell to Neutral.
Analog Devices, Inc. (NASDAQ:ADI) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director HODGSON JOHN C sold 7,500 company shares for $483000.15, in a transaction on 2016-10-04. Following the transaction, the Director is left with a stake of 483.15 shares, currently valued at $35555. Meanwhile, SVP & Chief Technology Officer Real Peter sold 6,500 shares worth $416000.91, through a transaction dated 2016-09-29. Following the completion of the transaction, the insider is left with a stake of 7,286 shares, amounting $536176.74. ADI SVP, WW Sales & Dig MKTG Cotter Martin also sold 10,000 shares, at a stock price of $62.91. This transaction occurred on 2016-09-27 totals $629000.1. After this transaction, the insider’s stake stands at 64 shares, with a market value of $4710.
Executives hold 0.40 percent of the stock. Jerald G. Fishman is one of the biggest insider owners in Analog Devices, Inc. (NASDAQ:ADI), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 358,945 shares which have current market value of around $26414762.55.Mr. Ray Stata is another major inside shareholder in the company. The insider owns 257,631 shares as of less than 0.1%, currently worth $18959065.29. Ms. Robert Mcadam is ranked as third insider holder of the stock. This insider holds 198,550 shares with a market value around $14611294.5 as of recent close.
Analog Devices, Inc. (NASDAQ:ADI) Earnings Outlook
In Analog Devices, Inc. (NASDAQ:ADI)’s latest quarter, EPS moved to $0.82 from $0.64 in preceding quarter and revenues reached at $869.59M compared to $778.77M. Analysts had expected Analog Devices, Inc. (NASDAQ:ADI) to post net income of about $0.76 per share on $851.72M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.88 to $0.93. That is compared with the $1.03 in EPS it reported during the same period a year ago.