Analog Devices, Inc. (ADI) Director Kenton J. Sicchitano Sells 15,000 Shares of Stock
Analog Devices, Inc. (NASDAQ:ADI) Director Kenton J. Sicchitano sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $88.15, for a total transaction of $1,322,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Analog Devices, Inc. (NASDAQ ADI) traded down 0.02% during midday trading on Friday, hitting $87.87. The company’s stock had a trading volume of 1,118,469 shares. Analog Devices, Inc. has a one year low of $59.54 and a one year high of $90.49. The company’s 50-day moving average is $82.99 and its 200 day moving average is $80.42. The company has a market cap of $32.31 billion, a price-to-earnings ratio of 43.74 and a beta of 1.30.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Thursday, September 7th. Analog Devices’s payout ratio is 86.12%.
Several brokerages have recently issued reports on ADI. B. Riley restated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 target price on shares of Analog Devices in a report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and issued a $97.00 target price on shares of Analog Devices in a report on Monday, September 25th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Analog Devices presently has a consensus rating of “Buy” and an average target price of $92.12.
Hedge funds have recently made changes to their positions in the stock. MARSHALL WACE ASIA Ltd purchased a new position in Analog Devices during the first quarter valued at approximately $63,309,000. Boston Family Office LLC raised its position in Analog Devices by 37.9% during the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 2,004 shares in the last quarter. Prospera Financial Services Inc raised its position in Analog Devices by 1.2% during the second quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock valued at $1,648,000 after acquiring an additional 253 shares in the last quarter. KCG Holdings Inc. raised its position in Analog Devices by 455.1% during the first quarter. KCG Holdings Inc. now owns 24,624 shares of the semiconductor company’s stock valued at $2,018,000 after acquiring an additional 20,188 shares in the last quarter. Finally, Aviance Capital Management LLC purchased a new position in Analog Devices during the first quarter valued at approximately $226,000. Institutional investors own 86.67% of the company’s stock.
About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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