Analog Devices (NASDAQ:ADI) SVP Katsufumi Nakamura Sells 500 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the sale, the senior vice president directly owned 12,710 shares in the company, valued at $3,831,556.60. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Katsufumi Nakamura also recently made the following trade(s):

• On Wednesday, January 7th, Katsufumi Nakamura sold 500 shares of Analog Devices stock. The shares were sold at an average price of $289.17, for a total transaction of $144,585.00.

Analog Devices Trading Up 0.8%

NASDAQ:ADI opened at $296.21 on Wednesday. The firm has a market capitalization of $145.04 billion, a P/E ratio of 64.96, a PEG ratio of 1.62 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $303.20. The company’s 50-day simple moving average is $265.19 and its 200 day simple moving average is $248.85.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business earned $1.67 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Institutional Trading of Analog Devices

Several large investors have recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its position in Analog Devices by 3.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,088 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 39 shares during the last quarter. Fragasso Financial Advisors Inc lifted its stake in shares of Analog Devices by 2.9% in the 4th quarter. Fragasso Financial Advisors Inc now owns 1,372 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 39 shares during the period. Quent Capital LLC boosted its holdings in shares of Analog Devices by 2.4% in the third quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after buying an additional 42 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 43 shares during the period. Finally, Carson Advisory Inc. increased its holdings in Analog Devices by 3.1% during the third quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 43 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a research report on Wednesday, November 26th. BNP Paribas initiated coverage on shares of Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price for the company. Morgan Stanley upped their target price on shares of Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Evercore ISI reduced their price target on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Finally, Robert W. Baird boosted their price objective on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $290.04.

About Analog Devices

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.