Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $243.71, for a total transaction of $2,437,100.00. Following the completion of the transaction, the chief executive officer directly owned 140,118 shares in the company, valued at approximately $34,148,157.78. This represents a 6.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Vincent Roche also recently made the following trade(s):
- On Wednesday, August 27th, Vincent Roche sold 20,000 shares of Analog Devices stock. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00.
Analog Devices Trading Up 0.1%
Shares of ADI stock opened at $241.99 on Friday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The firm’s fifty day simple moving average is $240.89 and its 200 day simple moving average is $223.30. The firm has a market capitalization of $119.05 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.
Analog Devices Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices’s payout ratio is 101.02%.
Institutional Investors Weigh In On Analog Devices
Institutional investors and hedge funds have recently made changes to their positions in the company. Howard Hughes Medical Institute acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $25,000. RMG Wealth Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $26,000. Activest Wealth Management boosted its stake in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 127 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices in the 1st quarter valued at $27,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ADI. Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Evercore ISI boosted their price target on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Morgan Stanley boosted their price target on shares of Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Truist Financial boosted their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $275.29.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.
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