Analog Devices, Inc. (ADI) SVP Margaret K. Seif Sells 2,700 Shares of Stock

Share on StockTwits

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.

Analog Devices declared that its Board of Directors has approved a stock repurchase plan on Tuesday, August 21st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.

WARNING: “Analog Devices, Inc. (ADI) SVP Margaret K. Seif Sells 2,700 Shares of Stock” was originally published by Week Herald and is the property of of Week Herald. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://weekherald.com/2018/11/10/analog-devices-inc-adi-svp-margaret-k-seif-sells-2700-shares-of-stock.html.

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply