Analog Devices, Inc. (NASDAQ:ADI) Director Sells $612,000.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director now owns 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ray Stata also recently made the following trade(s):

• On Tuesday, April 15th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $180.21, for a total value of $563,156.25.

Analog Devices Price Performance

Analog Devices stock opened at $207.51 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The business has a 50 day simple moving average of $196.04 and a 200-day simple moving average of $210.58. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The stock has a market capitalization of $102.92 billion, a PE ratio of 66.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $1.73 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. Analog Devices’s dividend payout ratio is 126.11%.

Analog Devices announced that its board has authorized a share buyback plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Orion Capital Management LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC purchased a new position in Analog Devices in the fourth quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices during the 1st quarter valued at approximately $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Analog Devices in the 4th quarter worth approximately $30,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Analog Devices in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADI. Citigroup lowered their price objective on Analog Devices from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Oppenheimer reissued an “outperform” rating and issued a $270.00 price objective (up from $245.00) on shares of Analog Devices in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Seaport Res Ptn raised Analog Devices to a “strong sell” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.43.

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.