Analog Devices, Inc. (NASDAQ:ADI) CAO Michael Sondel sold 2,210 shares of the firm’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $163.79, for a total transaction of $361,975.90.
Shares of NASDAQ ADI traded down $4.56 during midday trading on Monday, reaching $159.24. 3,504,410 shares of the company’s stock traded hands, compared to its average volume of 2,845,409. The company has a quick ratio of 1.40, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $154.38 and its 200-day simple moving average is $133.41. Analog Devices, Inc. has a one year low of $79.07 and a one year high of $164.40. The company has a market cap of $58.74 billion, a price-to-earnings ratio of 48.53, a P/E/G ratio of 2.26 and a beta of 1.31.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same quarter last year, the company earned $1.03 earnings per share. Equities analysts predict that Analog Devices, Inc. will post 5.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 9th. Investors of record on Friday, February 26th will be given a dividend of $0.69 per share. The ex-dividend date is Thursday, February 25th. This represents a $2.76 dividend on an annualized basis and a yield of 1.73%. This is an increase from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s dividend payout ratio (DPR) is presently 50.51%.
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Institutional investors have recently made changes to their positions in the business. Davis R M Inc. acquired a new stake in shares of Analog Devices in the 4th quarter worth $1,126,000. StrategIQ Financial Group LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $207,000. Resonant Capital Advisors LLC boosted its stake in Analog Devices by 3.7% in the 4th quarter. Resonant Capital Advisors LLC now owns 12,599 shares of the semiconductor company’s stock worth $1,861,000 after purchasing an additional 449 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new position in Analog Devices during the 4th quarter valued at approximately $674,000. Finally, Leelyn Smith LLC lifted its stake in shares of Analog Devices by 5.0% during the fourth quarter. Leelyn Smith LLC now owns 17,377 shares of the semiconductor company’s stock worth $2,567,000 after buying an additional 824 shares during the period. Institutional investors and hedge funds own 91.90% of the company’s stock.
ADI has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Analog Devices from $174.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 16th. KeyCorp raised their price objective on Analog Devices from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, January 6th. Truist increased their price target on Analog Devices from $136.00 to $164.00 and gave the company a “buy” rating in a report on Wednesday, November 25th. Piper Sandler lifted their price objective on shares of Analog Devices from $150.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Smith Barney Citigroup boosted their price objective on shares of Analog Devices from $134.00 to $155.00 in a research report on Wednesday, November 25th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $155.20.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company 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 and microwave ICs to support cellular infrastructure.
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7 Hotel Stocks Just Waiting For the Vaccine
Like any group of stocks related to travel and tourism, hotel stocks saw a steep drop in share prices in 2020. The leisure and hospitality sector that once had 15 million employees has lost 4 million jobs since February.
Many major cities will be feeling the ripple effects of the Covid-19 pandemic for years. However, there is ample evidence that shows the pandemic may be coming to an end. The number of new cases is dropping. The number of those getting vaccinated is rising. And even in the cities with the most restrictive mitigation measures, the slow process of reopening is beginning.
All of this can’t come fast enough for individuals who rely on the travel and tourism industry for their livelihood. Hotel chains had at least some revenue coming in the door. And when earnings season concludes, the more budget-friendly hotel chains may realize revenue that is 75% of its 2019 numbers. But that is not enough to bring the hotels to anywhere near full employment. Particularly with hotels that have bars and restaurants that have remained closed or open at limited capacity.
Many economists are optimistic that travel may begin to look more normal by the summer of this year. And the global economy may deliver 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the broadest footprint will be in the best position as the economy reopens.
