Insider Selling: Analog Devices (NASDAQ:ADI) SVP Sells 5,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Martin Cotter sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $271.19, for a total value of $1,355,950.00. Following the completion of the sale, the senior vice president directly owned 59,664 shares in the company, valued at approximately $16,180,280.16. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Analog Devices Price Performance

Shares of NASDAQ ADI traded up $3.88 during trading on Thursday, hitting $274.92. The company had a trading volume of 4,103,652 shares, compared to its average volume of 3,832,647. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $284.23. The firm has a market capitalization of $134.61 billion, a price-to-earnings ratio of 60.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The stock has a fifty day simple moving average of $248.45 and a two-hundred day simple moving average of $241.59.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently made changes to their positions in the business. AIA Group Ltd grew its stake in Analog Devices by 126.2% during the 3rd quarter. AIA Group Ltd now owns 12,647 shares of the semiconductor company’s stock valued at $3,107,000 after purchasing an additional 7,056 shares in the last quarter. Strategic Investment Advisors MI acquired a new stake in shares of Analog Devices in the 3rd quarter worth about $646,000. Keel Point LLC raised its holdings in shares of Analog Devices by 7.4% during the third quarter. Keel Point LLC now owns 3,219 shares of the semiconductor company’s stock valued at $791,000 after buying an additional 223 shares during the last quarter. Farmers National Bank boosted its position in Analog Devices by 87.3% during the 3rd quarter. Farmers National Bank now owns 7,760 shares of the semiconductor company’s stock worth $1,907,000 after acquiring an additional 3,618 shares during the period. Finally, Hudson Bay Capital Management LP grew its position in Analog Devices by 2,162.8% in the 3rd quarter. Hudson Bay Capital Management LP now owns 99,569 shares of the semiconductor company’s stock valued at $24,464,000 after buying an additional 104,396 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price target on shares of Analog Devices in a research note on Tuesday. KeyCorp raised their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Benchmark restated a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a research report on Wednesday, November 26th. Finally, Stifel Nicolaus set a $280.00 price objective on shares of Analog Devices in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $285.78.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.