Traders Purchase Large Volume of Put Options on Analog Devices (ADI)
Analog Devices, Inc. (NASDAQ:ADI) saw some unusual options trading on Friday. Traders purchased 10,102 put options on the company. This represents an increase of Infinity compared to the average volume of 0 put options.
Analog Devices (ADI) opened at $90.44 on Wednesday. The firm has a market capitalization of $32,939.35, a PE ratio of 20.93, a P/E/G ratio of 1.74 and a beta of 1.32. Analog Devices has a 12 month low of $66.47 and a 12 month high of $92.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.99 and a quick ratio of 1.52.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 64.9% on a year-over-year basis. analysts expect that Analog Devices will post 4.6 earnings per share for the current fiscal year.
A number of research firms have issued reports on ADI. B. Riley reiterated a “buy” rating and issued a $110.00 target price on shares of Analog Devices in a research note on Sunday, August 27th. Royal Bank Of Canada lifted their price objective on shares of Analog Devices from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Instinet upgraded shares of Analog Devices from a “reduce” rating to a “neutral” rating and lifted their price objective for the company from $72.50 to $80.00 in a research note on Thursday, August 31st. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $93.65.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total value of $402,882.15. Following the sale, the senior vice president now directly owns 13,531 shares in the company, valued at $1,210,077.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Champy sold 12,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the completion of the sale, the director now owns 21,910 shares in the company, valued at $1,971,900. The disclosure for this sale can be found here. Insiders sold 135,994 shares of company stock worth $11,604,048 over the last quarter. 1.10% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ADI. Tudor Investment Corp ET AL purchased a new position in Analog Devices during the 1st quarter valued at about $391,000. Park National Corp OH grew its stake in Analog Devices by 3.7% during the 2nd quarter. Park National Corp OH now owns 4,202 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 150 shares in the last quarter. McQueen Ball & Associates Inc. grew its stake in Analog Devices by 8.0% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 8,666 shares of the semiconductor company’s stock valued at $674,000 after acquiring an additional 645 shares in the last quarter. Copper Rock Capital Partners LLC grew its stake in Analog Devices by 96.4% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 7,315 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 3,590 shares in the last quarter. Finally, SPF Beheer BV grew its stake in Analog Devices by 2.0% during the 2nd quarter. SPF Beheer BV now owns 857,972 shares of the semiconductor company’s stock valued at $66,750,000 after acquiring an additional 16,739 shares in the last quarter. 86.42% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/traders-purchase-large-volume-of-put-options-on-analog-devices-adi/1703633.html.
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.
Receive News & Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.