Key Points
- Chief Accounting Officer Michael Sondel sold 8,169 ADI shares at an average price of $278.03 for a total of $2,271,227.07, leaving him with 18,913 shares and a 30.16% reduction in his position; the trade was disclosed in an SEC filing.
- Analog Devices declared a quarterly dividend of $0.99 per share (annualized $3.96), with an ex-dividend date of December 8 and payment on December 22, implying a yield of about 1.4% and a payout ratio near 86.8%.
- In its latest quarter ADI reported $2.26 EPS (beating estimates) and $3.08 billion in revenue, up 25.9% year-over-year; the company has a market cap of about $138.8 billion and a trailing P/E of ~62.1.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CAO Michael Sondel sold 8,169 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the sale, the chief accounting officer owned 18,913 shares of the company's stock, valued at $5,258,381.39. The trade was a 30.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Analog Devices Stock Performance
Shares of ADI stock opened at $283.39 on Friday. The company has a market capitalization of $138.76 billion, a price-to-earnings ratio of 62.15, a P/E/G ratio of 1.56 and a beta of 1.04. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $283.81. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The stock's fifty day simple moving average is $245.39 and its 200-day simple moving average is $239.65.
Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $1.67 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.
Analog Devices Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be given a $0.99 dividend. The ex-dividend date is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.4%. Analog Devices's dividend payout ratio is presently 86.84%.
Institutional Investors Weigh In On Analog Devices
Large investors have recently added to or reduced their stakes in the stock. Solstein Capital LLC lifted its position in Analog Devices by 2.0% during the 2nd quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company's stock worth $549,000 after acquiring an additional 46 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Analog Devices by 7.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,001,839 shares of the semiconductor company's stock worth $238,458,000 after purchasing an additional 71,735 shares during the last quarter. West Family Investments Inc. bought a new stake in Analog Devices during the 2nd quarter valued at approximately $376,000. Nisa Investment Advisors LLC grew its holdings in Analog Devices by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 203,286 shares of the semiconductor company's stock valued at $48,386,000 after buying an additional 24,425 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Analog Devices by 88.2% in the 2nd quarter. Bank of Montreal Can now owns 1,040,536 shares of the semiconductor company's stock worth $247,668,000 after buying an additional 487,535 shares during the period. Institutional investors own 86.81% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on ADI shares. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Truist Financial boosted their target price on Analog Devices from $249.00 to $258.00 and gave the company a "hold" rating in a research note on Wednesday, November 26th. Evercore ISI cut their price target on Analog Devices from $303.00 to $282.00 and set an "outperform" rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Analog Devices in a report on Monday. Finally, KeyCorp increased their price objective on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $283.61.
View Our Latest Report 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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