Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. This trade represents a 9.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Karen Golz also recently made the following trade(s):
- On Monday, July 13th, Karen Golz sold 1,000 shares of Analog Devices stock. The shares were sold at an average price of $389.83, for a total value of $389,830.00.
- On Friday, June 12th, Karen Golz sold 1,000 shares of Analog Devices stock. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00.
Analog Devices Stock Performance
Shares of Analog Devices stock opened at $361.78 on Friday. The firm’s fifty day simple moving average is $382.77 and its 200-day simple moving average is $372.95. The stock has a market capitalization of $175.31 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.
Analyst Upgrades and Downgrades
ADI has been the subject of a number of recent research reports. Barclays increased their price objective on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Evercore reaffirmed an “outperform” rating and set a $474.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Finally, Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $454.63.
Get Our Latest Analysis on Analog Devices
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ADI. Banque Transatlantique SA acquired a new position in shares of Analog Devices during the 4th quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Analog Devices during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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