Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $80.35, for a total value of $241,050.00. Following the sale, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,639,461.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded down 2.34% on Friday, hitting $78.96. The stock had a trading volume of 3,122,267 shares. Analog Devices, Inc. has a one year low of $59.01 and a one year high of $90.49. The firm has a 50 day moving average price of $79.87 and a 200 day moving average price of $79.05. The company has a market capitalization of $28.98 billion, a P/E ratio of 30.24 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The firm’s revenue was up 41.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.

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Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 target price (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Instinet downgraded Analog Devices from a “neutral” rating to a “reduce” rating and dropped their price objective for the stock from $82.00 to $72.00 in a research note on Friday, June 2nd. Morgan Stanley reissued an “overweight” rating and issued a $96.00 price objective (up previously from $93.00) on shares of Analog Devices in a research note on Thursday, June 1st. Deutsche Bank AG reissued a “hold” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Analog Devices in a research note on Thursday, June 1st. Finally, Stephens raised Analog Devices from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $88.86.

Institutional investors have recently added to or reduced their stakes in the company. British Columbia Investment Management Corp boosted its position in Analog Devices by 34.2% in the first quarter. British Columbia Investment Management Corp now owns 208,526 shares of the semiconductor company’s stock worth $17,089,000 after buying an additional 53,139 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in Analog Devices during the first quarter worth about $63,309,000. Summit Securities Group LLC purchased a new position in Analog Devices during the first quarter worth about $1,572,000. Norinchukin Bank The boosted its position in Analog Devices by 26.5% in the first quarter. Norinchukin Bank The now owns 23,650 shares of the semiconductor company’s stock worth $1,938,000 after buying an additional 4,956 shares during the period. Finally, Swiss National Bank boosted its position in Analog Devices by 51.3% in the first quarter. Swiss National Bank now owns 1,291,248 shares of the semiconductor company’s stock worth $105,818,000 after buying an additional 437,580 shares during the period. Hedge funds and other institutional investors own 87.33% of the company’s stock.

About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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