Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $318.14, for a total transaction of $3,181,400.00. Following the sale, the chief executive officer directly owned 167,826 shares in the company, valued at $53,392,163.64. The trade was a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Vincent Roche also recently made the following trade(s):
- On Monday, February 2nd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00.
Analog Devices Stock Performance
Shares of ADI opened at $318.34 on Friday. The company has a 50-day simple moving average of $325.21 and a two-hundred day simple moving average of $282.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The firm has a market capitalization of $155.41 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $363.20.
Analog Devices Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date was Tuesday, March 3rd. Analog Devices’s dividend payout ratio is currently 80.44%.
Institutional Investors Weigh In On Analog Devices
Large investors have recently added to or reduced their stakes in the stock. 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 worth $397,000 after purchasing an additional 529 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Analog Devices by 36.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after acquiring an additional 464 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in Analog Devices by 3.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 10,533 shares of the semiconductor company’s stock worth $2,507,000 after purchasing an additional 308 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Analog Devices in the 2nd quarter worth $126,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Analog Devices by 208.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 74,725 shares of the semiconductor company’s stock valued at $17,786,000 after purchasing an additional 50,512 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.
Analyst Upgrades and Downgrades
ADI has been the topic of a number of recent research reports. Barclays upped their target price on shares of Analog Devices from $375.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Citigroup restated a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. The Goldman Sachs Group raised their target price on shares of Analog Devices from $300.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Truist Financial boosted their price target on Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $367.81.
View Our Latest Report on Analog Devices
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.
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