Analog Devices, Inc. (ADI) Director Sells $2,131,750.00 in Stock
Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $85.27, for a total value of $2,131,750.00. Following the sale, the director now owns 209,481 shares in the company, valued at $17,862,444.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ray Stata also recently made the following trade(s):
- On Friday, September 15th, Ray Stata sold 25,000 shares of Analog Devices stock. The stock was sold at an average price of $83.50, for a total value of $2,087,500.00.
Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at 84.92 on Friday. The stock has a 50 day moving average price of $80.41 and a 200-day moving average price of $80.16. Analog Devices, Inc. has a one year low of $59.54 and a one year high of $90.49. The company has a market capitalization of $31.22 billion, a P/E ratio of 42.27 and a beta of 1.29.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s quarterly revenue was up 64.9% on a year-over-year basis. Equities research analysts predict that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a $0.45 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. Analog Devices’s dividend payout ratio is currently 86.12%.
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Institutional investors and hedge funds have recently modified their holdings of the company. MARSHALL WACE ASIA Ltd acquired a new position in shares of Analog Devices in the 1st quarter worth approximately $63,309,000. Boston Family Office LLC raised its holdings in shares of Analog Devices by 37.9% in the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after buying an additional 2,004 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Analog Devices by 26.5% in the 1st quarter. Norinchukin Bank The now owns 23,650 shares of the semiconductor company’s stock worth $1,938,000 after buying an additional 4,956 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of Analog Devices by 1.2% in the 2nd quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock worth $1,648,000 after buying an additional 253 shares in the last quarter. Finally, KCG Holdings Inc. raised its holdings in shares of Analog Devices by 455.1% in the 1st quarter. KCG Holdings Inc. now owns 24,624 shares of the semiconductor company’s stock worth $2,018,000 after buying an additional 20,188 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on ADI shares. Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. restated a “neutral” rating and set a $88.00 price objective (down from $91.00) on shares of Analog Devices in a report on Friday, September 1st. Raymond James Financial, Inc. started coverage on Analog Devices in a report on Friday, June 16th. They set a “market perform” rating on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and set a $92.00 price objective on shares of Analog Devices in a report on Friday, August 4th. Thirteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $91.92.
Analog Devices Company Profile
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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