Analog Devices, Inc. (NASDAQ:ADI) SVP Martin Cotter sold 1,244 shares of Analog Devices stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $108.39, for a total transaction of $134,837.16. Following the completion of the transaction, the senior vice president now owns 173 shares of the company’s stock, valued at approximately $18,751.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ADI traded up $1.14 during mid-day trading on Friday, reaching $109.39. The company’s stock had a trading volume of 4,574,397 shares, compared to its average volume of 2,947,396. The firm has a market cap of $39.87 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $110.65.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.05. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS. As a group, equities research analysts predict that Analog Devices, Inc. will post 5.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Friday, March 1st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 28th. Analog Devices’s payout ratio is presently 36.36%.
Several institutional investors and hedge funds have recently made changes to their positions in ADI. Legacy Financial Advisors Inc. increased its stake in shares of Analog Devices by 9,766.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock worth $25,000 after buying an additional 293 shares during the period. PRW Wealth Management LLC purchased a new position in shares of Analog Devices in the fourth quarter worth $27,000. Bruderman Asset Management LLC purchased a new position in shares of Analog Devices in the fourth quarter worth $31,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Analog Devices in the fourth quarter worth $34,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Analog Devices in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 90.20% of the company’s stock.
Several equities analysts have recently weighed in on ADI shares. Zacks Investment Research upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Royal Bank of Canada downgraded shares of Analog Devices from an “outperform” rating to a “sector perform” rating and set a $81.00 target price for the company. in a research note on Friday, January 4th. Bank of America downgraded shares of Analog Devices from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. ValuEngine upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Finally, Piper Jaffray Companies reiterated an “outperform” rating and issued a $112.00 target price on shares of Analog Devices in a research note on Friday, February 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $103.05.
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About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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