Key Points
- Vincent Roche sold 10,000 shares on January 2 at an average price of $275.07 for about $2.75M, cutting his stake by 6.04% to 155,688 shares (worth roughly $42.8M).
- Analog Devices recently beat quarterly EPS estimates ($2.26 vs. $2.22) with revenue up 25.9% year-over-year, pays a $0.99 quarterly dividend (≈1.4% yield), and has seen analyst price-target increases (consensus ≈ $287, UBS $320).
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares in the company, valued at $42,825,098.16. The trade was a 6.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Vincent Roche also recently made the following trade(s):
- On Monday, November 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $234.95, for a total value of $2,349,500.00.
Analog Devices Stock Up 1.3%
Shares of ADI opened at $277.29 on Tuesday. The business's 50 day moving average is $257.76 and its 200 day moving average is $246.23. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $284.23. The company has a market capitalization of $135.78 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03.
Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company's revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. Research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 8th. Analog Devices's payout ratio is currently 86.84%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. UBS Group increased their price objective on shares of Analog Devices from $280.00 to $320.00 and gave the company a "buy" rating in a report on Monday, December 8th. Stifel Nicolaus set a $280.00 price target on Analog Devices in a research note on Friday, November 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Analog Devices in a research note on Monday, December 29th. Morgan Stanley increased their target price on Analog Devices from $288.00 to $293.00 and gave the company an "overweight" rating in a research report on Wednesday, November 26th. Finally, BNP Paribas Exane assumed coverage on shares of Analog Devices in a report on Tuesday, November 4th. They issued an "outperform" rating and a $300.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and a consensus target price of $287.22.
Get Our Latest Report on Analog Devices
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in Analog Devices in the 2nd quarter valued at about $25,000. RMG Wealth Management LLC purchased a new stake in shares of Analog Devices in the second quarter valued at approximately $26,000. Clayton Financial Group LLC acquired a new stake in shares of Analog Devices in the third quarter valued at approximately $31,000. Y.D. More Investments Ltd purchased a new position in Analog Devices during the third quarter worth approximately $32,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock worth $33,000 after buying an additional 65 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
Analog Devices Company Profile
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Get Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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