Key Points
- Director Ray Stata sold 3,125 shares of Analog Devices on Dec. 16 at an average price of $279.39 for ~$873,094, trimming his stake by 2.24% to 136,321 shares (he also sold 3,125 shares on Nov. 4 at $230.21).
- Strong quarterly results: ADI reported $2.26 EPS vs. $2.22 expected and $3.08B revenue (up 25.9% YoY), and declared a $0.99 quarterly dividend (annualized $3.96, yield 1.4%, payout ratio 86.84%).
- Analyst and institutional view: ADI has a $134.6B market cap and 60.29 PE, a consensus "Moderate Buy" target of $285.78 (some analysts up to $320), and ~86.8% institutional ownership including large positions by Norges Bank and T. Rowe Price.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75. Following the transaction, the director directly owned 136,321 shares of the company's stock, valued at $38,086,724.19. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ray Stata also recently made the following trade(s):
- On Tuesday, November 4th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25.
Analog Devices Price Performance
Analog Devices stock opened at $274.92 on Friday. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $284.23. 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 firm has a 50-day moving average price of $249.19 and a 200-day moving average price of $241.82. The firm has a market capitalization of $134.62 billion, a PE ratio of 60.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04.
Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm's revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.
Analog Devices Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be issued a dividend of $0.99 per share. 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 payout ratio is presently 86.84%.
Hedge Funds Weigh In On Analog Devices
Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Analog Devices in the second quarter worth approximately $1,803,377,000. Price T Rowe Associates Inc. MD raised its position in shares of Analog Devices by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares in the last quarter. Amundi raised its position in shares of Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company's stock worth $1,507,740,000 after acquiring an additional 1,922,302 shares in the last quarter. Raymond James Financial Inc. boosted its position in Analog Devices by 29.2% during the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company's stock valued at $1,186,714,000 after purchasing an additional 1,091,004 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Analog Devices by 948.2% during the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company's stock valued at $258,487,000 after purchasing an additional 982,385 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Stifel Nicolaus set a $280.00 target price on Analog Devices in a research note on Friday, November 21st. Benchmark reaffirmed a "buy" rating and issued a $285.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. Morgan Stanley boosted their price objective on shares of Analog Devices from $288.00 to $293.00 and gave the company an "overweight" rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of Analog Devices from $310.00 to $320.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 26th. Finally, Barclays boosted their price target on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $285.78.
View Our Latest Stock Analysis on ADI
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.
Further Reading
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