Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 2,700 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total value of $243,000.00. Following the sale, the senior vice president now directly owns 24,517 shares of the company’s stock, valued at approximately $2,206,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Analog Devices stock traded down $2.34 on Friday, hitting $87.59. 3,043,163 shares of the stock traded hands, compared to its average volume of 3,817,977. The company has a current ratio of 1.58, a quick ratio of 1.16 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $32.82 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.22 and a beta of 1.23. Analog Devices, Inc. has a 1 year low of $76.62 and a 1 year high of $103.59.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 22nd. The semiconductor company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a return on equity of 20.89% and a net margin of 22.94%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Analysts predict that Analog Devices, Inc. will post 5.93 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Analog Devices by 1.0% during the third quarter. BlackRock Inc. now owns 24,272,230 shares of the semiconductor company’s stock valued at $2,244,211,000 after acquiring an additional 240,811 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Analog Devices by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,047,903 shares of the semiconductor company’s stock valued at $1,576,249,000 after acquiring an additional 118,861 shares in the last quarter. FMR LLC increased its holdings in shares of Analog Devices by 3.9% during the second quarter. FMR LLC now owns 9,175,704 shares of the semiconductor company’s stock valued at $880,133,000 after acquiring an additional 348,581 shares in the last quarter. Morgan Stanley increased its holdings in shares of Analog Devices by 19.9% during the second quarter. Morgan Stanley now owns 7,076,283 shares of the semiconductor company’s stock valued at $678,754,000 after acquiring an additional 1,172,933 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Analog Devices by 4.8% during the second quarter. Northern Trust Corp now owns 5,592,349 shares of the semiconductor company’s stock valued at $536,419,000 after acquiring an additional 257,689 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.
ADI has been the subject of a number of research analyst reports. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Tuesday, July 17th. B. Riley dropped their price target on Analog Devices from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. Stifel Nicolaus raised their price target on Analog Devices from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $107.00 price target on shares of Analog Devices in a research note on Monday, August 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $118.00 price target on shares of Analog Devices in a research note on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $103.70.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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