Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CAO Michael Sondel sold 4,199 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer directly owned 14,740 shares in the company, valued at approximately $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Michael Sondel also recently made the following trade(s):
- On Wednesday, December 10th, Michael Sondel sold 8,169 shares of Analog Devices stock. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07.
Analog Devices Stock Performance
Shares of ADI stock opened at $354.35 on Friday. 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 company’s fifty day moving average price is $308.85 and its two-hundred day moving average price is $268.40. The firm has a market capitalization of $172.99 billion, a P/E ratio of 64.78, a P/E/G ratio of 1.68 and a beta of 1.03. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $363.20.
Analog Devices Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is 72.39%.
Analyst Upgrades and Downgrades
Several research analysts have commented on ADI shares. Cfra restated a “buy” rating and issued a $280.00 target price on shares of Analog Devices in a research report on Tuesday, November 25th. Needham & Company LLC upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Thursday, February 19th. Evercore reaffirmed an “outperform” rating and issued a $387.00 price target on shares of Analog Devices in a report on Thursday, February 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $410.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Analog Devices in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $366.96.
Get Our Latest Stock Report on Analog Devices
Hedge Funds Weigh In On Analog Devices
Large investors have recently made changes to their positions in the business. Howard Hughes Medical Institute acquired a new position in shares of Analog Devices during the second quarter worth approximately $25,000. Banque Transatlantique SA acquired a new stake in Analog Devices in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices during the fourth quarter worth about $27,000. Finally, Clayton Financial Group LLC bought a new stake in Analog Devices during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Company Profile
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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