Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $88.83, for a total value of $621,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Analog Devices, Inc. (NASDAQ:ADI) traded down $0.57 during mid-day trading on Wednesday, hitting $94.09. The company’s stock had a trading volume of 1,549,718 shares, compared to its average volume of 3,250,000. Analog Devices, Inc. has a 1 year low of $74.65 and a 1 year high of $98.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31. The stock has a market cap of $34,790.00, a P/E ratio of 276.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 54.4% on a year-over-year basis. research analysts forecast that Analog Devices, Inc. will post 5.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be given a $0.48 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, March 8th. Analog Devices’s payout ratio is currently 564.71%.
Institutional investors and hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. boosted its position in shares of Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $121,000. Fieldpoint Private Securities LLC boosted its position in shares of Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares in the last quarter. Clear Perspective Advisors LLC boosted its position in shares of Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $130,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on ADI. Stifel Nicolaus lifted their price objective on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. BMO Capital Markets boosted their price target on Analog Devices from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, March 1st. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. B. Riley restated a “buy” rating and set a $113.00 price target (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Finally, Piper Jaffray Companies upgraded Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price target on the stock in a report on Tuesday, February 13th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $100.57.
About Analog Devices
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.
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