Analog Devices, Inc. (NASDAQ:ADI) SVP Peter Real sold 4,505 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.52, for a total value of $376,257.60. Following the completion of the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,130,109.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peter Real also recently made the following trade(s):

  • On Wednesday, August 30th, Peter Real sold 4,505 shares of Analog Devices stock. The stock was sold at an average price of $82.13, for a total value of $369,995.65.
  • On Friday, July 21st, Peter Real sold 4,505 shares of Analog Devices stock. The stock was sold at an average price of $80.07, for a total value of $360,715.35.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded up 0.81% during trading on Friday, hitting $84.92. The stock had a trading volume of 2,097,691 shares. The stock’s 50-day moving average is $80.41 and its 200-day moving average is $80.16. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 42.27 and a beta of 1.29. Analog Devices, Inc. has a 12-month low of $59.54 and a 12-month high of $90.49.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the company posted $0.82 earnings per share. The business’s revenue was up 64.9% on a year-over-year basis. On average, equities research analysts expect that Analog Devices, Inc. will post $4.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, September 7th. Analog Devices’s dividend payout ratio is currently 86.12%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new position in shares of Analog Devices during the first quarter worth about $100,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Analog Devices by 51.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after buying an additional 475 shares during the last quarter. Jacobus Wealth Management Inc. purchased a new position in shares of Analog Devices during the first quarter worth about $113,000. Heritage Trust Co purchased a new position in shares of Analog Devices during the first quarter worth about $114,000. Finally, Guardian Life Insurance Co. of America grew its holdings in shares of Analog Devices by 18.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock worth $115,000 after buying an additional 223 shares during the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on ADI. B. Riley reissued a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a research report on Tuesday, May 30th. UBS AG reissued a “neutral” rating and issued a $94.00 price target (up from $83.00) on shares of Analog Devices in a research report on Saturday, June 3rd. ValuEngine lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Royal Bank Of Canada boosted their price target on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and an average target price of $91.92.

Analog Devices Company Profile

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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