News headlines about Analog Devices (NASDAQ:ADI) have been trending somewhat positive this week, according to Alpha One. The research firm, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Analog Devices earned a daily sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave media stories about the semiconductor company an impact score of 92 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Alpha One Sentiment Analysis’s scoring:
- Analog Devices’ Wideband RF Mixers Simplify Design and Significantly Reduce Time to Market for Industrial Applications – Business Wire (press release) (businesswire.com)
- The Analog Devices, Inc. (ADI) Position Raised by Henderson Group PLC – BangaloreWeekly (bangaloreweekly.com)
- Official Price Target Objectives For CBS Corporation (CBS), Analog Devices, Inc. (ADI) – StockNewsMagazine (stocknewsmagazine.com)
- Analog Devices, Inc. (ADI) SVP Peter Real Sells 3000 Shares (ekosvoice.com)
- Analog Devices’ Wideband RF Mixers Simplify Design and Significantly Reduce Time to Market for Industrial Applications (businesswire.com)
Shares of Analog Devices (NASDAQ:ADI) opened at 81.24 on Friday. The company has a market capitalization of $25.12 billion, a PE ratio of 27.71 and a beta of 1.19. Analog Devices has a one year low of $52.17 and a one year high of $84.24. The firm’s 50-day moving average price is $78.41 and its 200 day moving average price is $76.00.
Several research firms have recently weighed in on ADI. Stifel Nicolaus raised their price objective on shares of Analog Devices to $92.00 and gave the company a “buy” rating in a research report on Tuesday, March 7th. Pacific Crest raised their target price on shares of Analog Devices to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 7th. B. Riley reiterated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a report on Thursday, March 16th. Jefferies Group LLC increased their price target on shares of Analog Devices to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Finally, Credit Suisse Group AG assumed coverage on shares of Analog Devices in a research report on Tuesday, March 14th. They issued an “outperform” rating and a $100.00 price target for the company. Eight research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $84.32.
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In related news, CAO Eileen Wynne sold 5,945 shares of Analog Devices stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $75.96, for a total transaction of $451,582.20. Following the sale, the chief accounting officer now directly owns 3,305 shares in the company, valued at $251,047.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Evans purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were acquired at an average price of $83.12 per share, for a total transaction of $2,078,000.00. Following the completion of the acquisition, the director now directly owns 53,540 shares of the company’s stock, valued at approximately $4,450,244.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 140,695 shares of company stock worth $11,553,978. 1.10% of the stock is owned by insiders.
About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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