Key Points
- Katsufumi Nakamura, SVP of Analog Devices, sold 500 shares on January 7 at an average price of $289.17 for $144,585, reducing his ownership by 3.65% to 13,210 shares as disclosed in an SEC filing.
- Analog Devices reported an EPS beat—$2.26 vs. $2.22 expected—and revenue of $3.08 billion (up 25.9% YoY); the company also pays a quarterly dividend of $0.99 ($3.96 annual, ~1.3% yield) and trades near its 52‑week high with a ~$146.5B market cap.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) SVP Katsufumi Nakamura sold 500 shares of the business's stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $289.17, for a total transaction of $144,585.00. Following the sale, the senior vice president directly owned 13,210 shares in the company, valued at $3,819,935.70. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Analog Devices Price Performance
Shares of NASDAQ ADI opened at $299.16 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The business has a 50-day moving average of $261.31 and a 200-day moving average of $247.37. The stock has a market capitalization of $146.48 billion, a price-to-earnings ratio of 65.61, a PEG ratio of 1.62 and a beta of 1.03. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $299.53.
Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion for 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%.Analog Devices's revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices's payout ratio is currently 86.84%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ADI shares. Bank of America increased their price target on Analog Devices from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, November 26th. Wells Fargo & Company increased their price objective on shares of Analog Devices from $250.00 to $265.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 25th. Benchmark restated a "buy" rating and set a $285.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Analog Devices in a research note on Monday, December 29th. Finally, Robert W. Baird increased their price target on shares of Analog Devices from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and a consensus target price of $287.22.
Read Our Latest Analysis on ADI
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Solstein Capital LLC increased its stake in shares of Analog Devices by 2.0% in the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company's stock worth $549,000 after buying an additional 46 shares during the period. Voya Investment Management LLC grew its holdings in Analog Devices by 22.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company's stock worth $317,789,000 after acquiring an additional 236,211 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Analog Devices by 684.6% in the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock valued at $211,871,000 after acquiring an additional 752,411 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Analog Devices by 55.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company's stock valued at $295,878,000 after acquiring an additional 427,467 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Analog Devices by 7.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,001,839 shares of the semiconductor company's stock valued at $238,458,000 after acquiring an additional 71,735 shares during the last quarter. 86.81% of the stock is owned by institutional investors.
About Analog Devices
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
