Analog Devices, Inc. (NASDAQ:ADI) CFO Prashanth Mahendra-Rajah sold 6,750 shares of the business’s stock in a transaction dated Thursday, May 27th. The shares were sold at an average price of $165.18, for a total value of $1,114,965.00. Following the completion of the sale, the chief financial officer now directly owns 21,912 shares of the company’s stock, valued at approximately $3,619,424.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Prashanth Mahendra-Rajah also recently made the following trade(s):
- On Thursday, April 1st, Prashanth Mahendra-Rajah sold 6,500 shares of Analog Devices stock. The shares were sold at an average price of $159.63, for a total value of $1,037,595.00.
Shares of Analog Devices stock traded up $1.39 during midday trading on Friday, hitting $164.60. The company had a trading volume of 2,747,972 shares, compared to its average volume of 3,245,337. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.81 and a current ratio of 1.05. The stock has a market capitalization of $60.71 billion, a P/E ratio of 39.28, a P/E/G ratio of 2.13 and a beta of 1.26. The company has a 50 day moving average of $156.40 and a 200 day moving average of $151.19. Analog Devices, Inc. has a 52-week low of $110.41 and a 52-week high of $165.62.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, May 18th. The semiconductor company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. Analog Devices had a return on equity of 17.91% and a net margin of 25.16%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 6.27 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 8th. Investors of record on Friday, May 28th will be paid a $0.69 dividend. The ex-dividend date is Thursday, May 27th. This represents a $2.76 annualized dividend and a dividend yield of 1.68%. Analog Devices’s payout ratio is currently 56.21%.
Several institutional investors have recently bought and sold shares of the stock. Wade G W & Inc. grew its stake in shares of Analog Devices by 4.6% in the 1st quarter. Wade G W & Inc. now owns 1,465 shares of the semiconductor company’s stock worth $227,000 after buying an additional 65 shares during the last quarter. CX Institutional boosted its stake in Analog Devices by 3.2% during the 1st quarter. CX Institutional now owns 2,132 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 66 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Analog Devices by 6.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,138 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 66 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Analog Devices by 19.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 408 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 67 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Analog Devices by 4.5% during the 1st quarter. Fisher Asset Management LLC now owns 1,623 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.
A number of research firms have recently weighed in on ADI. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $185.00 in a research note on Thursday, May 20th. Argus boosted their target price on Analog Devices from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 19th. Oppenheimer reissued a “buy” rating and issued a $175.00 target price on shares of Analog Devices in a research note on Thursday, February 11th. Piper Sandler upped their price target on Analog Devices from $150.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. Finally, Credit Suisse Group upped their price target on Analog Devices from $165.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 18th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $165.00.
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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