Key Points
- Insider sale: Senior VP Martin Cotter sold 10,000 shares of Analog Devices on Jan. 5 at an average price of $278.44 for $2.78M, trimming his position by 16.76% to 49,664 shares (he also sold 5,000 shares on Dec. 17 at $271.19).
- Company snapshot: ADI beat Q earnings estimates (EPS $2.26 vs. $2.22) with revenue of $3.08B (up 25.9% YoY), pays a $0.99 quarterly dividend (≈1.3% yield), and has a consensus analyst rating of "Moderate Buy" with a $290.04 target.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) SVP Katsufumi Nakamura sold 500 shares of the company's stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the completion of the sale, the senior vice president owned 12,710 shares of the company's stock, valued at $3,831,556.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Katsufumi Nakamura also recently made the following trade(s):
- On Wednesday, January 7th, Katsufumi Nakamura sold 500 shares of Analog Devices stock. The shares were sold at an average price of $289.17, for a total value of $144,585.00.
Analog Devices Stock Performance
Shares of ADI opened at $296.21 on Wednesday. The business has a 50-day simple moving average of $265.19 and a two-hundred day simple moving average of $248.85. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $303.20. The stock has a market cap of $145.04 billion, a price-to-earnings ratio of 64.96, a PEG ratio of 1.62 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 company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm's revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. On average, analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices's dividend payout ratio is presently 86.84%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ADI. KeyCorp upped their target price on shares of Analog Devices from $330.00 to $375.00 and gave the stock an "overweight" rating in a report on Tuesday. BNP Paribas Exane initiated coverage on Analog Devices in a research report on Tuesday, November 4th. They issued an "outperform" rating and a $300.00 price objective on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Truist Financial increased their target price on Analog Devices from $258.00 to $291.00 and gave the stock a "hold" rating in a research report on Friday, December 19th. Finally, Bank of America boosted their price target on Analog Devices from $275.00 to $290.00 and gave the stock a "buy" 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $290.04.
Check Out Our Latest Research Report on Analog Devices
Hedge Funds Weigh In On Analog Devices
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADI. Solstein Capital LLC lifted its position in shares of Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company's stock worth $549,000 after purchasing an additional 46 shares during the last quarter. SG Americas Securities LLC grew its holdings 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 worth $211,871,000 after purchasing an additional 752,411 shares during the last quarter. Voya Investment Management LLC increased its stake 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 buying an additional 236,211 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Analog Devices by 55.0% during the 3rd 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 buying an additional 427,467 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Analog Devices by 15.5% in the 3rd quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company's stock valued at $74,463,000 after buying an additional 40,738 shares during the period. 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.
Read More
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].
