Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total value of $2,289,300.00. Following the completion of the sale, the chief executive officer now owns 45,326 shares of the company's stock, valued at $10,376,481.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Vincent Roche also recently made the following trade(s):
- On Tuesday, September 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00.
- On Thursday, August 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00.
Analog Devices Stock Performance
Shares of NASDAQ ADI opened at $227.73 on Thursday. The stock's 50-day moving average is $222.68 and its 200 day moving average is $218.04. The stock has a market cap of $113.00 billion, a price-to-earnings ratio of 53.21, a P/E/G ratio of 3.75 and a beta of 1.07. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19.
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Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business's quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.
Analog Devices Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Analog Devices's dividend payout ratio (DPR) is presently 85.98%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on ADI. Oppenheimer reiterated an "outperform" rating and set a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Bank of America reduced their price target on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, July 16th. Truist Financial lowered shares of Analog Devices from a "buy" rating to a "hold" rating and reduced their price objective for the company from $266.00 to $233.00 in a research note on Monday, September 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Analog Devices currently has a consensus rating of "Moderate Buy" and an average target price of $249.80.
Check Out Our Latest Analysis on ADI
Hedge Funds Weigh In On Analog Devices
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Italy S.r.l. bought a new position in shares of Analog Devices in the fourth quarter worth approximately $6,367,000. Grayhawk Investment Strategies Inc. bought a new position in shares of Analog Devices during the fourth quarter valued at about $850,000. Capital International Investors boosted its holdings in shares of Analog Devices by 5.8% during the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company's stock worth $895,702,000 after purchasing an additional 246,799 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in shares of Analog Devices by 1,055.6% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 228,275 shares of the semiconductor company's stock worth $45,326,000 after purchasing an additional 208,522 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in Analog Devices by 16.2% during the 4th quarter. Profund Advisors LLC now owns 72,344 shares of the semiconductor company's stock valued at $14,365,000 after purchasing an additional 10,106 shares during the period. 86.81% of the stock is currently owned by institutional investors.
Analog Devices Company Profile
(
Get Free Report)
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.
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