Analog Devices (NASDAQ:ADI) SVP Sells $144,585.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $289.17, for a total value of $144,585.00. Following the completion of the transaction, the senior vice president directly owned 13,210 shares of the company’s stock, valued at approximately $3,819,935.70. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analog Devices Stock Up 2.1%

ADI stock traded up $6.27 during trading on Thursday, reaching $299.16. 3,773,846 shares of the company traded hands, compared to its average volume of 4,077,473. The business has a 50 day simple moving average of $259.99 and a 200 day simple moving average of $247.01. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $299.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The company has a market capitalization of $146.48 billion, a price-to-earnings ratio of 65.61, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend payout ratio is currently 86.84%.

Hedge Funds Weigh In On Analog Devices

Institutional investors have recently bought and sold shares of the business. Howard Hughes Medical Institute purchased a new position in shares of Analog Devices during the second quarter worth $25,000. RMG Wealth Management LLC acquired a new stake in Analog Devices during the 2nd quarter worth about $26,000. Clayton Financial Group LLC purchased a new position in shares of Analog Devices during the 3rd quarter valued at about $31,000. Y.D. More Investments Ltd acquired a new position in shares of Analog Devices in the 3rd quarter valued at about $32,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in shares of Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after buying an additional 65 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ADI shares. Robert W. Baird upped their target price on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a research note on Monday, December 29th. Morgan Stanley upped their price objective on shares of Analog Devices from $288.00 to $293.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $270.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.22.

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.