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.

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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.

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