Analog Devices (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $275.07, for a total transaction of $2,750,700.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, November 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $234.95, for a total transaction of $2,349,500.00.

Analog Devices Price Performance

Shares of ADI opened at $277.29 on Tuesday. The company has a market capitalization of $135.78 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $257.76 and a 200 day moving average of $246.23. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $284.23.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.4%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADI. Quent Capital LLC grew its stake in shares of Analog Devices by 2.4% during the 3rd quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 42 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 43 shares in the last quarter. Carson Advisory Inc. boosted its position in shares of Analog Devices by 3.1% in the third quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 43 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Analog Devices by 2.5% in the third quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 44 shares in the last quarter. Finally, Klingman & Associates LLC raised its position in shares of Analog Devices by 3.7% during the 3rd quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock valued at $313,000 after purchasing an additional 45 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ADI shares. BNP Paribas Exane started coverage on shares of Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target on the stock. UBS Group raised their target price on shares of Analog Devices from $280.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Stifel Nicolaus set a $280.00 target price on shares of Analog Devices in a research report on Friday, November 21st. Truist Financial increased their price target on Analog Devices from $258.00 to $291.00 and gave the company a “hold” rating in a report on Friday, December 19th. Finally, Wall Street Zen downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.22.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.