Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the transaction, the director now directly owns 186,321 shares in the company, valued at $33,576,907.41. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Analog Devices Price Performance
NASDAQ:ADI opened at $176.27 on Friday. The firm has a market capitalization of $87.43 billion, a price-to-earnings ratio of 56.14, a PEG ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The business has a 50 day simple moving average of $206.55 and a 200-day simple moving average of $214.66. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10.
Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.09. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.
Analog Devices Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 2.25%. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is presently 126.11%.
Analog Devices declared that its board has approved a share buyback program on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the fourth quarter worth approximately $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices in the 4th quarter worth $27,000. Hopwood Financial Services Inc. bought a new position in shares of Analog Devices during the 4th quarter worth $30,000. Mainstream Capital Management LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC raised its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Oppenheimer reiterated an "outperform" rating and issued a $270.00 price target (up from $245.00) on shares of Analog Devices in a research report on Thursday, February 20th. Truist Financial raised their price target on Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Lake Street Capital initiated coverage on Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Finally, UBS Group upped their price target on Analog Devices from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $254.05.
View Our Latest Stock Report on ADI
Analog Devices Company Profile
(
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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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