Analog Devices, Inc. (NASDAQ:ADI) registered a 3.68% increase, still its new closing price is 64.19% up from the company’s 1 year high of 75.59.It posted 5.56% gains in previous 5 sessions and is now the subject of 11 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 28 stock analysts following this company have an average price target at $79.38, with individual PT in the $68.50-$93.00 range. The shares moved at $76.93, implying that brokerage firms see shares gaining about 52.80% in twelve months time.
Analog Devices, Inc. (ADI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.94% rise year to date. A SVP, CLO & Secretary at Analog Devices, Inc. (ADI) offloaded shares in a transaction closed on Friday January 20, 2017. SEIF MARGARET K sold 3,000 shares in the company at $72.15 each and collected $216,000 in proceeds. SEIF MARGARET K now owns 13,284 shares in the company after this transaction. A Director in the company, SICCHITANO KENTON J, disclosed a transaction on Wednesday January 04, 2017 that ended up generating $1,085,000 from the sale of 15,000 shares at $72.34 per share.
Analog Devices, Inc. (NASDAQ:ADI) Upcoming Results on Tap
Analog Devices, Inc. will next provide financial results for the January 2017 quarter. Stock analysts expect it to report per-share earnings of $0.74 in that period. Sales during the quarter are predicted to arrive at $871.58 million.
Earnings surprise history: Last quarter, the company posted approximately $1 billion in revenue and EPS of $1.05. The mean forecast was for $942.58 million and $0.89 a share, respectively. One quarter earlier, revenue for the stock was at $869.59 million, with earnings at $0.82/share.
Analog Devices, Inc. (ADI) Brokerage Update
Analog Devices, Inc. (ADI) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by BofA/Merrill, according to news reported on Wednesday November 23, 2016.Another important research note was issued by Goldman on Wednesday July 27, 2016.The firm upgraded ADI to Neutral from Sell. Over the last six months and over the last three months, the shares of Analog Devices, Inc. (ADI), have changed 21.27% and 21.95%, respectively.