Analog Devices, Inc. (NASDAQ:ADI) CEO Sells $2,158,300.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total value of $2,158,300.00. Following the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,744,590.89. The trade was a 31.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Vincent Roche also recently made the following trade(s):

• On Friday, November 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00.
• On Tuesday, October 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.93, for a total transaction of $2,289,300.00.

Analog Devices Trading Down 0.5 %

NASDAQ ADI opened at $216.61 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $222.16 and its two-hundred day simple moving average is $225.53. Analog Devices, Inc. has a twelve month low of $181.80 and a twelve month high of $244.14. The company has a market capitalization of $107.50 billion, a price-to-earnings ratio of 65.84, a PEG ratio of 2.47 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm posted $2.01 EPS. Analog Devices’s revenue for the quarter was down 10.1% compared to the same quarter last year. Research analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, December 9th. Analog Devices’s dividend payout ratio is presently 111.85%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen reduced their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Oppenheimer reiterated an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a research report on Thursday, August 22nd. Morgan Stanley dropped their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Piper Sandler reduced their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.33.

Hedge Funds Weigh In On Analog Devices

Several institutional investors and hedge funds have recently bought and sold shares of ADI. ORG Partners LLC boosted its stake in shares of Analog Devices by 675.0% during the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Analog Devices by 3.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,197 shares of the semiconductor company’s stock valued at $502,000 after buying an additional 78 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its position in Analog Devices by 3.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 43 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Analog Devices by 0.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 183,490 shares of the semiconductor company’s stock worth $44,649,000 after acquiring an additional 651 shares during the last quarter. Finally, Silver Lake Advisory LLC purchased a new position in shares of Analog Devices in the second quarter valued at about $213,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

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.