Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $157.38, for a total value of $1,573,800.00. Following the sale, the chief executive officer now directly owns 37,598 shares in the company, valued at approximately $5,917,173.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Vincent Roche also recently made the following trade(s):
- On Monday, February 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $148.34, for a total value of $1,483,400.00.
ADI traded up $5.30 during trading hours on Friday, reaching $160.38. 3,345,796 shares of the company’s stock traded hands, compared to its average volume of 3,101,304. The firm has a 50-day moving average price of $154.41 and a 200 day moving average price of $140.84. Analog Devices, Inc. has a 52-week low of $82.90 and a 52-week high of $164.40. 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 firm has a market capitalization of $59.16 billion, a PE ratio of 48.90, a PEG ratio of 2.26 and a beta of 1.31.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Equities analysts predict that Analog Devices, Inc. will post 5.69 EPS for the current fiscal year.
Surprisingly, most people still don’t know about his next project, something known as S.A.V.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Friday, February 26th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $2.76 dividend on an annualized basis and a yield of 1.72%. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s payout ratio is presently 56.21%.
Several brokerages recently issued reports on ADI. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Monday, February 22nd. BMO Capital Markets raised their price target on Analog Devices from $155.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, February 16th. Barclays raised their price target on Analog Devices from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 26th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their price target on Analog Devices from $142.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, December 17th. Finally, Royal Bank of Canada raised their price target on Analog Devices from $174.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, February 16th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $157.92.
A number of institutional investors and hedge funds have recently bought and sold shares of ADI. Norges Bank bought a new stake in Analog Devices during the 4th quarter valued at $574,864,000. Price T Rowe Associates Inc. MD raised its position in Analog Devices by 68.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,345,668 shares of the semiconductor company’s stock valued at $641,986,000 after purchasing an additional 1,761,299 shares in the last quarter. FMR LLC raised its position in Analog Devices by 21.0% during the 4th quarter. FMR LLC now owns 6,370,184 shares of the semiconductor company’s stock valued at $941,067,000 after purchasing an additional 1,104,853 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Analog Devices by 35.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,021,801 shares of the semiconductor company’s stock valued at $446,410,000 after purchasing an additional 795,033 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in Analog Devices during the 4th quarter valued at $116,175,000. Institutional investors own 91.90% of the company’s stock.
About Analog Devices
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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