Analog Devices, Inc. (ADI) CEO Vincent Roche Sells 100,000 Shares

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.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is currently 86.96%.

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.

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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.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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