Analog Devices (NASDAQ:ADI) SVP Sells $144,585.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $289.17, for a total transaction of $144,585.00. Following the sale, the senior vice president owned 13,210 shares in the company, valued at $3,819,935.70. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analog Devices Trading Up 0.6%

NASDAQ ADI opened at $300.93 on Friday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $303.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The stock has a market cap of $147.35 billion, a price-to-earnings ratio of 65.99, a PEG ratio of 1.66 and a beta of 1.03. The firm’s 50 day moving average price is $262.65 and its two-hundred day moving average price is $247.94.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ADI. Vanguard Group Inc. raised its holdings in Analog Devices by 0.3% during the third quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company’s stock valued at $12,380,652,000 after buying an additional 162,075 shares in the last quarter. State Street Corp increased its holdings in shares of Analog Devices by 0.4% during the 3rd quarter. State Street Corp now owns 23,399,046 shares of the semiconductor company’s stock valued at $5,749,146,000 after acquiring an additional 81,790 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Analog Devices by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after acquiring an additional 633,425 shares in the last quarter. Norges Bank acquired a new stake in Analog Devices in the 2nd quarter worth approximately $1,803,377,000. Finally, Ameriprise Financial Inc. boosted its position in Analog Devices by 6.3% during the second quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after purchasing an additional 375,207 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADI. Stifel Nicolaus set a $280.00 target price on Analog Devices in a report on Friday, November 21st. BNP Paribas assumed coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Analog Devices in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 target price on shares of Analog Devices in a research note on Tuesday, November 25th. Finally, Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.