Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 100,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded up $0.04 during midday trading on Wednesday, reaching $84.83. 2,340,700 shares of the company were exchanged, compared to its average volume of 2,979,506. Analog Devices, Inc. has a fifty-two week low of $70.26 and a fifty-two week high of $93.99. The company has a market capitalization of $31,256.63, a P/E ratio of 18.12, a PEG ratio of 1.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.05 earnings per share. Analog Devices’s quarterly revenue was up 53.4% on a year-over-year basis. analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.
Several research analysts have weighed in on ADI shares. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a report on Wednesday, August 30th. B. Riley reissued a “buy” rating and issued a $110.00 price target on shares of Analog Devices in a report on Sunday, August 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 target price on shares of Analog Devices in a report on Monday, September 25th. Finally, Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Tuesday, October 10th. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $96.04.
A number of institutional investors and hedge funds have recently bought and sold shares of ADI. Franklin Resources Inc. increased its stake in Analog Devices by 54.1% in the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after purchasing an additional 3,248,336 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Analog Devices by 97.4% in the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after purchasing an additional 2,123,268 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Analog Devices by 576.1% during the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock worth $138,903,000 after acquiring an additional 1,521,316 shares in the last quarter. BlackRock Inc. increased its position in shares of Analog Devices by 6.2% during the second quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after acquiring an additional 1,437,338 shares in the last quarter. Finally, Prudential PLC increased its position in shares of Analog Devices by 23,301.9% during the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock worth $101,466,000 after acquiring an additional 1,298,616 shares in the last quarter. 87.08% of the stock is owned by hedge funds and other institutional investors.
Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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