Analog Devices, Inc. (NASDAQ:ADI) saw unusually large options trading activity on Monday. Stock traders bought 12,025 put options on the company. This represents an increase of approximately 1,638% compared to the average volume of 692 put options.
In other news, SVP Gregory N. Henderson sold 6,058 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $162.16, for a total transaction of $982,365.28. Following the sale, the senior vice president now owns 11,884 shares in the company, valued at $1,927,109.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Sondel sold 2,210 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $163.79, for a total value of $361,975.90. In the last 90 days, insiders have sold 63,396 shares of company stock worth $9,869,038. 0.42% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. United Bank bought a new stake in Analog Devices in the third quarter valued at approximately $251,000. Arrowstreet Capital Limited Partnership bought a new stake in Analog Devices in the 3rd quarter worth about $563,000. Wealth Alliance lifted its stake in shares of Analog Devices by 5.0% during the 3rd quarter. Wealth Alliance now owns 1,794 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 85 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Analog Devices by 1.4% during the third quarter. Great West Life Assurance Co. Can now owns 313,811 shares of the semiconductor company’s stock worth $36,629,000 after buying an additional 4,472 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Analog Devices by 0.8% in the third quarter. Kingsview Wealth Management LLC now owns 47,310 shares of the semiconductor company’s stock valued at $5,523,000 after buying an additional 359 shares in the last quarter. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
This little known Cannabis company is using AI to create a self-service experience that has never existed before…until now.
Sales are projected to increase from $10 billion in 2018 to an estimated $97 billion by 2026, according to a new report from Fortune Business Insights …
It’s no wonder more and more investors are jumping in before this blows up.
Shares of ADI traded down $2.60 during mid-day trading on Tuesday, reaching $154.31. The company had a trading volume of 30,857 shares, compared to its average volume of 2,967,882. The company has a market capitalization of $56.92 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. The firm has a 50-day moving average price of $154.81 and a 200 day moving average price of $144.93. Analog Devices has a 52 week low of $96.05 and a 52 week high of $164.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.84.
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, beating the consensus estimate of $1.32 by $0.12. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $1.03 EPS. As a group, research analysts forecast that Analog Devices will post 5.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Friday, February 26th were given a $0.69 dividend. The ex-dividend date was Thursday, February 25th. This represents a $2.76 annualized dividend and a dividend yield of 1.79%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s dividend payout ratio is presently 56.21%.
Several research analysts have weighed in on ADI shares. BMO Capital Markets lifted their target price on Analog Devices from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th. Oppenheimer reissued a “buy” rating and set a $175.00 target price on shares of Analog Devices in a research report on Thursday, February 11th. Credit Suisse Group upped their target price on shares of Analog Devices from $165.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 18th. Raymond James raised their target price on shares of Analog Devices from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Finally, KeyCorp lifted their target price on Analog Devices from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, January 6th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $157.92.
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.
Read More: How does the Beige Book influence monetary policy?
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]
Featured Article: What is the Coverage Ratio?
7 Great Dividend Stocks to Buy For a Comfortable Retirement
There are people who will say the day of set it and forget it retirement accounts are over. But it’s a narrative we’ve heard before. The truth is the formula for saving for and enjoying a comfortable retirement, like the formula for weight loss, hasn’t really changed. A lot depends on whether an individual has the discipline to see it through.
Dividend stocks remain one of the core elements of a retirement portfolio. As individuals near retirement the ability to reinvest dividends allows for a greater total return. And once individuals need to live off their portfolio, the dividends provide a source of income without having to tap their principal.
However, not all dividend stocks are the same and many investors get sucked in by the allure of a high-yield dividend stock. But what you’re really looking for are companies with a history of increasing its dividend. The ability to increase a dividend over time illustrates that the company has a business model that can hold up regardless of how the broader economy is performing.
In this special presentation, we’ll highlight seven stocks that individuals can buy today to capture a stable, recurring dividend.
View the “7 Great Dividend Stocks to Buy For a Comfortable Retirement”.
