Analog Devices Inc. (NASDAQ:ADI) Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $63.20, for a total value of $1,580,000.00. Following the sale, the director now directly owns 257,631 shares of the company’s stock, valued at $16,282,279.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, August 22nd, Ray Stata sold 25,000 shares of Analog Devices stock. The stock was sold at an average price of $64.02, for a total value of $1,600,500.00.
  • On Friday, August 19th, Ray Stata sold 50,000 shares of Analog Devices stock. The stock was sold at an average price of $64.06, for a total value of $3,203,000.00.

Shares of Analog Devices Inc. (NASDAQ:ADI) opened at 63.68 on Friday. The company has a 50 day moving average price of $62.96 and a 200 day moving average price of $59.19. The company has a market capitalization of $19.58 billion, a PE ratio of 30.08 and a beta of 1.21. Analog Devices Inc. has a 52 week low of $47.24 and a 52 week high of $66.91.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 17th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Analog Devices had a net margin of 19.49% and a return on equity of 19.40%. The firm had revenue of $870 million for the quarter, compared to analysts’ expectations of $847.43 million. During the same quarter last year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Analog Devices Inc. will post $2.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 26th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.64%. Analog Devices’s dividend payout ratio is currently 79.62%.

Several institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Analog Devices during the fourth quarter valued at approximately $140,993,000. Chevy Chase Trust Holdings Inc. boosted its position in Analog Devices by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 262,067 shares of the company’s stock valued at $15,512,000 after buying an additional 4,354 shares in the last quarter. DnB Asset Management AS boosted its position in Analog Devices by 41.8% in the first quarter. DnB Asset Management AS now owns 25,121 shares of the company’s stock valued at $1,487,000 after buying an additional 7,400 shares in the last quarter. OLD National Bancorp IN boosted its position in Analog Devices by 32.3% in the first quarter. OLD National Bancorp IN now owns 12,890 shares of the company’s stock valued at $763,000 after buying an additional 3,149 shares in the last quarter. Finally, First Manhattan Co. boosted its position in Analog Devices by 10.0% in the first quarter. First Manhattan Co. now owns 42,248 shares of the company’s stock valued at $2,500,000 after buying an additional 3,831 shares in the last quarter. 85.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $73.00 price objective on shares of Analog Devices in a research note on Monday, August 15th. Citigroup Inc. reduced their target price on Analog Devices from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, August 18th. Wells Fargo & Co. reiterated a “buy” rating on shares of Analog Devices in a report on Thursday, August 18th. Morgan Stanley reiterated a “buy” rating and set a $78.00 target price on shares of Analog Devices in a report on Thursday, August 18th. Finally, Jefferies Group reiterated a “buy” rating and set a $84.00 target price on shares of Analog Devices in a report on Thursday, August 18th. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.68.

About Analog Devices

Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.

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