Analog Devices, Inc. (NASDAQ:ADI) Director James Champy sold 4,245 shares of the firm’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $153.50, for a total value of $651,607.50. Following the completion of the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at $977,948.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
James Champy also recently made the following trade(s):
- On Wednesday, January 13th, James Champy sold 1,562 shares of Analog Devices stock. The stock was sold at an average price of $160.00, for a total value of $249,920.00.
ADI stock traded down $3.88 during midday trading on Tuesday, reaching $150.62. The stock had a trading volume of 158,460 shares, compared to its average volume of 3,127,887. The business has a fifty day simple moving average of $153.68 and a two-hundred day simple moving average of $138.91. 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 cap of $55.56 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 2.26 and a beta of 1.31. Analog Devices, Inc. has a twelve month low of $80.51 and a twelve month high of $164.40.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, February 16th. The semiconductor company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.12. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same period last year, the company earned $1.03 earnings per share. On average, equities analysts predict that Analog Devices, Inc. will post 5.69 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Friday, February 26th were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.83%. Analog Devices’s dividend payout ratio is 56.21%.
Several research analysts recently commented on the company. Loop Capital raised their target price on Analog Devices from $136.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, November 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Analog Devices from $134.00 to $155.00 in a report on Wednesday, November 25th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a report on Monday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Analog Devices from $142.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, December 17th. Finally, Argus lifted their price objective on Analog Devices from $155.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 19th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $157.92.
Hedge funds have recently made changes to their positions in the company. Key Financial Inc bought a new stake in shares of Analog Devices in the 4th quarter valued at about $28,000. Benjamin Edwards Inc. bought a new stake in shares of Analog Devices in the 3rd quarter valued at about $25,000. Diversified LLC bought a new stake in shares of Analog Devices in the 4th quarter valued at about $29,000. Duncker Streett & Co. Inc. bought a new stake in shares of Analog Devices in the 4th quarter valued at about $38,000. Finally, Concord Wealth Partners bought a new stake in shares of Analog Devices in the 4th quarter valued at about $38,000. 91.90% of the stock is owned by institutional investors.
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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