Analog Devices, Inc. (NASDAQ:ADI) SVP Joseph Hassett sold 18,400 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $85.06, for a total value of $1,565,104.00. Following the completion of the transaction, the senior vice president now directly owns 30,139 shares in the company, valued at $2,563,623.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $86.69 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The company has a market capitalization of $31,957.05, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. Analog Devices, Inc. has a twelve month low of $71.00 and a twelve 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. sell-side analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, November 30th. Analog Devices’s dividend payout ratio is presently 86.96%.

A number of research analysts recently weighed in on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research note on Tuesday, November 21st. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Friday, November 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $103.00 price target (up from $98.00) on shares of Analog Devices in a research note on Wednesday, November 22nd. B. Riley upped their price target on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Finally, Jefferies Group upped their price target on Analog Devices to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $96.71.

Several hedge funds have recently added to or reduced their stakes in ADI. Franklin Resources Inc. grew its holdings in shares of Analog Devices by 54.1% in the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after acquiring an additional 3,248,336 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Analog Devices by 97.4% in the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after acquiring an additional 2,123,268 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Analog Devices by 576.1% in the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after acquiring an additional 1,521,316 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Analog Devices by 6.2% in the second quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after acquiring an additional 1,437,338 shares in the last quarter. Finally, Prudential PLC grew its holdings in shares of Analog Devices by 23,301.9% in the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after acquiring an additional 1,298,616 shares in the last quarter. 87.20% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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