Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,057,745.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Vincent Roche also recently made the following trade(s):
- On Monday, April 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $197.40, for a total transaction of $1,974,000.00.
Analog Devices Stock Performance
NASDAQ ADI opened at $196.49 on Friday. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The company has a 50-day simple moving average of $194.08 and a 200 day simple moving average of $187.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market capitalization of $97.44 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 5.03 and a beta of 1.14.
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Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company's revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the company earned $2.75 earnings per share. On average, research analysts predict that Analog Devices, Inc. will post 5.86 EPS for the current year.
Analog Devices Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. This is a positive change from Analog Devices's previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Monday, March 4th. Analog Devices's dividend payout ratio (DPR) is 65.83%.
Hedge Funds Weigh In On Analog Devices
A number of large investors have recently modified their holdings of the company. Amarillo National Bank boosted its position in shares of Analog Devices by 3.7% in the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company's stock valued at $300,000 after acquiring an additional 54 shares during the period. Mcdonald Partners LLC lifted its position in Analog Devices by 0.7% during the first quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company's stock valued at $1,497,000 after purchasing an additional 54 shares during the last quarter. Keystone Financial Services lifted its position in Analog Devices by 1.8% during the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company's stock valued at $623,000 after purchasing an additional 55 shares during the last quarter. Ancora Advisors LLC lifted its position in Analog Devices by 2.1% during the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company's stock valued at $480,000 after purchasing an additional 57 shares during the last quarter. Finally, Legacy Advisors LLC lifted its position in Analog Devices by 2.3% during the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company's stock valued at $465,000 after purchasing an additional 59 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ADI has been the topic of several research analyst reports. The Goldman Sachs Group increased their target price on shares of Analog Devices from $191.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Sanford C. Bernstein lowered shares of Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 target price on the stock. in a research note on Thursday, January 4th. Morgan Stanley reissued an "overweight" rating and set a $212.00 target price on shares of Analog Devices in a research note on Thursday, April 11th. Cantor Fitzgerald reissued a "neutral" rating and set a $205.00 target price on shares of Analog Devices in a research note on Monday, March 4th. Finally, Truist Financial cut their target price on shares of Analog Devices from $226.00 to $222.00 and set a "buy" rating on the stock in a research note on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $208.17.
Read Our Latest Analysis on Analog Devices
About Analog Devices
(
Get Free Report)
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.
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