Margaret K. Seif Sells 7,000 Shares of Analog Devices, Inc. (ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total transaction of $591,710.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,724,750.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Analog Devices, Inc. (NASDAQ:ADI) traded down $0.59 during trading on Friday, hitting $85.52. 3,411,413 shares of the stock were exchanged, compared to its average volume of 2,984,533. Analog Devices, Inc. has a 12 month low of $71.00 and a 12 month high of $93.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The company has a market cap of $31,485.19, a P/E ratio of 18.25, a PEG ratio of 1.58 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. equities analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio is 86.96%.

ADI has been the subject of a number of recent research reports. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. B. Riley reissued a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a report on Thursday, August 17th. BMO Capital Markets reissued an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Analog Devices in a report on Tuesday, August 29th. Royal Bank Of Canada boosted their price objective on shares of Analog Devices from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Finally, Nomura raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and boosted their price objective for the company from $72.50 to $80.00 in a report on Thursday, August 31st. Eleven investment 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. Analog Devices currently has an average rating of “Buy” and a consensus target price of $96.04.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Analog Devices by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock worth $2,260,331,000 after purchasing an additional 847,762 shares in the last quarter. BlackRock Inc. increased its position in Analog Devices by 6.2% during the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after purchasing an additional 1,437,338 shares in the last quarter. JPMorgan Chase & Co. increased its position in Analog Devices by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after purchasing an additional 213,714 shares in the last quarter. Franklin Resources Inc. increased its position in Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after purchasing an additional 3,248,336 shares in the last quarter. Finally, FMR LLC increased its position in Analog Devices by 14.6% during the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock worth $691,608,000 after purchasing an additional 1,132,549 shares in the last quarter. Institutional investors and hedge funds own 87.08% of the company’s stock.

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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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