Insider Selling: Analog Devices, Inc. (ADI) SVP Sells 5,098 Shares of Stock
Analog Devices, Inc. (NASDAQ:ADI) SVP Jean Philibert sold 5,098 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total value of $460,043.52. Following the completion of the transaction, the senior vice president now directly owns 5,098 shares in the company, valued at $460,043.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Analog Devices, Inc. (ADI) traded up $0.50 during trading on Monday, hitting $89.15. The stock had a trading volume of 1,623,900 shares, compared to its average volume of 2,955,351. The stock has a market capitalization of $32,863.90, a P/E ratio of 19.05, a PEG ratio of 1.68 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.52 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 12-month low of $68.42 and a 12-month high of $93.99.
Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. Analog Devices’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. equities analysts expect that Analog Devices, Inc. will post 5.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, November 30th. Analog Devices’s dividend payout ratio is presently 86.96%.
Several hedge funds have recently added to or reduced their stakes in ADI. Pathstone Family Office LLC grew its holdings in Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the period. Fieldpoint Private Securities LLC grew its holdings in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC grew its holdings in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new position in Analog Devices during the second quarter valued at $119,000. Finally, NEXT Financial Group Inc grew its holdings in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 600 shares during the period. 87.44% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on ADI shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price target on shares of Analog Devices in a research note on Friday, August 4th. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research note on Wednesday, August 30th. B. Riley reaffirmed a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research note on Sunday, August 27th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 price target on shares of Analog Devices in a research note on Monday, September 25th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $96.04.
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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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