Analog Devices (NASDAQ:ADI) Director Sells $991,562.50 in Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the transaction, the director directly owned 123,821 shares of the company’s stock, valued at approximately $39,288,403.30. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ray Stata also recently made the following trade(s):

• On Tuesday, January 13th, Ray Stata sold 3,125 shares of Analog Devices stock. The stock was sold at an average price of $297.27, for a total value of $928,968.75.
• On Tuesday, December 16th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $279.39, for a total value of $873,093.75.

Analog Devices Stock Down 0.5%

Shares of Analog Devices stock opened at $320.45 on Monday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $327.75. The company has a 50 day moving average of $290.44 and a 200 day moving average of $257.41. The company has a market capitalization of $156.58 billion, a P/E ratio of 70.27, a P/E/G ratio of 1.74 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.

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, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the firm posted $1.67 EPS. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid 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 yield of 1.2%. Analog Devices’s dividend payout ratio is currently 86.84%.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Cfra reissued a “buy” rating and issued a $280.00 target price on shares of Analog Devices in a report on Tuesday, November 25th. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Evercore decreased their price objective on Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price objective on shares of Analog Devices in a research note on Tuesday, December 16th. Three research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $312.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Howard Hughes Medical Institute bought a new position in Analog Devices during the 2nd quarter valued at $25,000. Clayton Financial Group LLC acquired a new stake in shares of Analog Devices in the 3rd quarter valued at about $31,000. Y.D. More Investments Ltd bought a new position in shares of Analog Devices during the third quarter worth about $32,000. LFA Lugano Financial Advisors SA lifted its position in shares of Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Albion Financial Group UT grew its stake in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

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.