Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADIGet Free Report) CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vincent Roche also recently made the following trade(s):

  • On Thursday, February 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00.

Analog Devices Stock Down 0.9 %

Shares of ADI opened at $194.88 on Wednesday. The company has a market capitalization of $96.64 billion, a PE ratio of 34.86, a PEG ratio of 4.96 and a beta of 1.17. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $202.77. The stock’s 50-day moving average price is $193.13 and its two-hundred day moving average price is $184.95. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.75 EPS. On average, analysts anticipate that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.89%. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. increased its position in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. USA Financial Formulas increased its position in Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares in the last quarter. Cetera Trust Company N.A bought a new stake in Analog Devices in the 4th quarter valued at about $29,000. Private Wealth Management Group LLC bought a new stake in Analog Devices in the 4th quarter valued at about $29,000. Finally, Halpern Financial Inc. increased its position in Analog Devices by 331.4% in the 3rd quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 116 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADI has been the subject of several recent research reports. Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target for the company. in a research report on Thursday, January 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Analog Devices in a report on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a report on Monday, March 4th. Truist Financial reduced their target price on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Finally, The Goldman Sachs Group raised their target price on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.26.

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About Analog Devices

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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.

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