Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the transaction, the chief executive officer now directly owns 64,918 shares of the company’s stock, valued at $13,575,652.16. This represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, January 2nd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00.

Analog Devices Price Performance

Analog Devices stock opened at $203.80 on Friday. The business’s fifty day moving average is $218.22 and its two-hundred day moving average is $220.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The firm has a market cap of $101.08 billion, a P/E ratio of 64.90, a P/E/G ratio of 2.85 and a beta of 1.07. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $247.10.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company earned $1.73 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a share buyback plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, March 4th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s dividend payout ratio (DPR) is currently 126.11%.

Hedge Funds Weigh In On Analog Devices

Several large investors have recently made changes to their positions in the company. PKO Investment Management Joint Stock Co bought a new stake in Analog Devices during the 4th quarter worth about $2,125,000. Wood Tarver Financial Group LLC bought a new stake in shares of Analog Devices during the fourth quarter worth approximately $75,000. Dogwood Wealth Management LLC raised its stake in shares of Analog Devices by 5.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 3,081 shares of the semiconductor company’s stock worth $655,000 after buying an additional 166 shares during the last quarter. Siemens Fonds Invest GmbH lifted its holdings in Analog Devices by 17.1% in the fourth quarter. Siemens Fonds Invest GmbH now owns 25,899 shares of the semiconductor company’s stock valued at $5,503,000 after buying an additional 3,774 shares during the period. Finally, Menard Financial Group LLC acquired a new stake in Analog Devices during the 4th quarter worth $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent research reports. Benchmark lifted their price objective on Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Oppenheimer reiterated an “outperform” rating and set a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. Lake Street Capital started coverage on shares of Analog Devices in a report on Friday, February 14th. They issued a “buy” rating on the stock. Maxim Group initiated coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a “buy” rating for the company. Finally, Piper Sandler decreased their target price on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.41.

About Analog Devices

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.