Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $164.20, for a total value of $1,642,000.00. Following the completion of the sale, the chief executive officer now directly owns 29,428 shares in the company, valued at $4,832,077.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Vincent Roche also recently made the following trade(s):
- On Thursday, April 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $157.38, for a total value of $1,573,800.00.
ADI traded up $0.81 during midday trading on Wednesday, reaching $164.50. 2,070,382 shares of the company’s stock were exchanged, compared to its average volume of 3,231,527. Analog Devices, Inc. has a one year low of $110.47 and a one year high of $166.32. The company’s 50-day moving average is $156.59. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The company has a market cap of $60.67 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, May 18th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.09. Analog Devices had a net margin of 25.16% and a return on equity of 17.91%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Analog Devices’s quarterly revenue was up 26.1% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will post 6.27 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 8th. Stockholders of record on Friday, May 28th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, May 27th. Analog Devices’s dividend payout ratio (DPR) is currently 56.21%.
ADI has been the topic of several research analyst reports. 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 research report on Tuesday, February 16th. Credit Suisse Group raised 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. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research note on Monday, February 22nd. Argus increased their target price on shares of Analog Devices from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Analog Devices from $160.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, May 20th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $165.00.
Several large investors have recently bought and sold shares of ADI. Norges Bank bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $574,864,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Analog Devices by 68.2% in the fourth 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. Theleme Partners LLP acquired a new stake in shares of Analog Devices in the first quarter valued at approximately $178,032,000. FMR LLC increased its holdings in shares of Analog Devices by 21.0% in the fourth 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. Finally, Amundi Asset Management US Inc. increased its holdings in shares of Analog Devices by 29.0% in the first quarter. Amundi Asset Management US Inc. now owns 3,897,467 shares of the semiconductor company’s stock valued at $604,419,000 after purchasing an additional 875,666 shares in the last quarter. Institutional investors own 96.05% 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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