Analog Devices, Inc. (NASDAQ:ADI) stock is currently pricing at roughly $75.51. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 24 analysts covering the company at $92.00. That suggests shares of the stock may have another 18 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $103.00, which would imply another 64 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 11 “Buy” ratings in place. At the same time, 6 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 11 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Stephens Inc took a look at ADI shares in a research note released on Apr 24, 2017, and issued a Overweight rating to this company. Wells Fargo analysts provided their own take on company recently as well. In a research note published on Feb 16, 2017,the house assigned a Market Perform rating to this stock. According to a piece that hit the wires on Nov 23, 2016, researchers at BofA/Merrill reconsidered their prior rating on the stock, and upped it from Neutral Perform to Buy.
Analog Devices, Inc. (ADI) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 0.40 percent of the stock.
If we take a more granular look, Jerald G. Fishman is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 358,945 shares, representing a total current market value of roughly $27103936.95. Mr. Ray Stata is another major player among company insiders, currently holding 259,481 shares as of less than 0.1%, carrying a current market value of $19593410.31. Ms. Robert Mcadam is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 198,550 shares, valued at around $14992510.5 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-04-24, the company’s SVP & Chief Technology Officer Real Peter sold 3,000 company shares for 240000. That means, once accounting for this transaction, the SVP & Chief Technology Officer is left with a stake of 9,244 shares, carrying a current total market value of $698014. In addition, by means of a transaction dated 2017-04-20, SVP, CLO & Secretary SEIF MARGARET K sold 3,000 shares worth $232560. After that transaction, this investor is left with a total holding of 19,404 shares, representing a total investment value of $1465196.04. We also noted a 2017-04-18 transaction in which ADI VP, CAO & Interim CFO Wynne Eileen sold 5,945 shares at a stock price of $75.96, carrying a total value of $451580, after which, this insider’s investment stands at 2,569 shares, with an overall financial value of $193985.
Analog Devices, Inc. (NASDAQ:ADI) Earnings View
In the company’s last quarter, ADI EPS moved to $0.94 from $1.05 compared sequentially with the prior quarter. Revenues for the company came in at $984.45MM. This stacks up against $1BM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.73 per share on $872.25MM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.78 to $0.91. On a year-over-year basis, that compares with an EPS comp of $0.64.