Analog Devices, Inc. (NASDAQ:ADI) CFO Prashanth Mahendra-Rajah sold 3,625 shares of Analog Devices stock in a transaction on Friday, November 27th. The stock was sold at an average price of $138.41, for a total value of $501,736.25. Following the sale, the chief financial officer now owns 15,184 shares of the company’s stock, valued at $2,101,617.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of ADI traded down $0.31 during trading hours on Monday, reaching $137.44. The company had a trading volume of 25,952 shares, compared to its average volume of 3,001,820. Analog Devices, Inc. has a 12-month low of $79.07 and a 12-month high of $140.38. The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $50.90 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.50 and a beta of 1.30. The firm has a 50 day simple moving average of $127.99 and a 200-day simple moving average of $119.41.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Monday, November 23rd. 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 period in the previous year, the company posted $1.19 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 5.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be paid a $0.62 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 1.80%. Analog Devices’s payout ratio is 50.51%.
Warren Buffett recently dumped $800 million of Apple stock…And bought this instead!
He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to…
Large investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. increased its position in Analog Devices by 2.1% during the second quarter. Stratos Wealth Partners LTD. now owns 6,291 shares of the semiconductor company’s stock worth $772,000 after buying an additional 131 shares in the last quarter. Community Bank N.A. grew its position in shares of Analog Devices by 189.7% in the second quarter. Community Bank N.A. now owns 336 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 220 shares during the period. Brinker Capital Inc. increased its stake in Analog Devices by 10.3% in the second quarter. Brinker Capital Inc. now owns 13,633 shares of the semiconductor company’s stock valued at $1,672,000 after purchasing an additional 1,269 shares during the last quarter. Signaturefd LLC lifted its position in Analog Devices by 4.5% during the second quarter. Signaturefd LLC now owns 4,436 shares of the semiconductor company’s stock worth $544,000 after buying an additional 193 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Analog Devices by 37.3% in the 2nd quarter. Park Avenue Securities LLC now owns 3,639 shares of the semiconductor company’s stock worth $446,000 after buying an additional 989 shares during the last quarter. Hedge funds and other institutional investors own 79.48% of the company’s stock.
A number of analysts recently weighed in on ADI shares. Loop Capital upped their price objective on shares of Analog Devices from $136.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their price target on Analog Devices from $142.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Raymond James increased their price objective on shares of Analog Devices from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 25th. Truist lifted their price target on Analog Devices from $136.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, November 25th. Finally, Citigroup lifted their price objective on shares of Analog Devices from $120.00 to $134.00 and gave the company a “buy” rating in a report on Monday, August 24th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $139.31.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, 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.
Featured Story: How is a management fee different from a performance fee?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Marijuana Stocks Worth Speculating On
To say it’s been a rough two years for the cannabis industry is an understatement. Due to a combination of issues (including some self-inflicted wounds), the cannabis boom predicted in 2018 has not materialized. But that could be about to change.
If Joe Biden wins the presidential election, it will likely be part of a “Blue Wave” that will bring Democratic party control of both houses of Congress. And even if President Trump successfully wins a second term, it is still possible that Republicans could lose their hold on the Senate.
The bottom line is there is a range of outcomes that are possible. Most of those outcomes are favorable to the legalization of marijuana. And even if cannabis is not made legal on the federal level, it seems likely that the remaining states holding out will take steps to legalization. That’s because, like gambling, cannabis may create an economic lift that cash-strapped states may find too difficult to turn down.
One thing is certain. If you wait until the right time, you’ll have missed out on some eye-popping initial gains. But to get that reward in the future, you’ll need to assume some risk now. In this special presentation, we’ve identified seven cannabis stocks that you can consider when evaluating your opportunity in the cannabis sector.
