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

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the sale, the chief executive officer directly owned 155,688 shares in the company, valued at $47,783,760.96. This trade represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 2nd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $275.07, for a total transaction of $2,750,700.00.

Analog Devices Price Performance

Shares of ADI opened at $320.44 on Thursday. The business’s 50-day moving average is $288.06 and its two-hundred day moving average is $256.04. The company has a market capitalization of $156.58 billion, a P/E ratio of 70.27, a P/E/G ratio of 1.69 and a beta of 1.03. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $323.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate 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 was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is currently 86.84%.

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently made changes to their positions in ADI. Brighton Jones LLC lifted its holdings in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 529 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after buying an additional 464 shares in the last quarter. Hilltop National Bank acquired a new position in Analog Devices during the second quarter worth about $105,000. Simplicity Wealth LLC lifted its stake in Analog Devices by 194.7% in the 2nd quarter. Simplicity Wealth LLC now owns 3,757 shares of the semiconductor company’s stock worth $894,000 after purchasing an additional 2,482 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of Analog Devices by 58.3% in the second quarter. Merit Financial Group LLC now owns 14,769 shares of the semiconductor company’s stock valued at $3,515,000 after purchasing an additional 5,438 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADI. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Benchmark restated a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $270.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Stifel Nicolaus boosted their price objective on Analog Devices from $290.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.04.

Analog Devices Company Profile

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.