Gregory N. Henderson Sells 4,000 Shares of Analog Devices, Inc. (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Gregory N. Henderson sold 4,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $93.10 on Wednesday. The firm has a market capitalization of $34,320.00, a PE ratio of 47.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29. Analog Devices, Inc. has a twelve month low of $71.85 and a twelve month high of $93.99. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74.

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

Hedge funds have recently made changes to their positions in the company. ZWJ Investment Counsel Inc. increased its stake in shares of Analog Devices by 56.0% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock valued at $713,000 after acquiring an additional 2,970 shares during the last quarter. Captrust Financial Advisors bought a new stake in Analog Devices during the 2nd quarter worth approximately $1,130,000. Renaissance Technologies LLC increased its stake in Analog Devices by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after purchasing an additional 94,804 shares in the last quarter. Toronto Dominion Bank increased its stake in Analog Devices by 25.4% during the 2nd quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock worth $10,021,000 after purchasing an additional 26,076 shares in the last quarter. Finally, Page Arthur B increased its stake in Analog Devices by 5.2% during the 3rd quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock worth $2,480,000 after purchasing an additional 1,410 shares in the last quarter. 87.08% of the stock is owned by institutional investors.

Several brokerages recently issued reports on ADI. Jefferies Group upped their price target on shares of Analog Devices to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Stifel Nicolaus reduced their price target on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. B. Riley upped their price target on shares of Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $103.00 price target (up previously from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $97.21.

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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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