Insider Selling: Analog Devices (NASDAQ:ADI) Director Sells 3,125 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total value of $991,562.50. Following the sale, the director owned 123,821 shares in the company, valued at $39,288,403.30. The trade was a 2.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, January 13th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $297.27, for a total value of $928,968.75.
• On Tuesday, December 16th, Ray Stata sold 3,125 shares of Analog Devices stock. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75.

Analog Devices Price Performance

ADI traded down $1.67 during midday trading on Friday, hitting $320.45. The company had a trading volume of 6,774,995 shares, compared to its average volume of 4,052,272. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $327.75. The company has a market capitalization of $156.58 billion, a PE ratio of 70.27, a P/E/G ratio of 1.74 and a beta of 1.03. 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 firm’s 50-day simple moving average is $289.34 and its 200-day simple moving average is $256.50.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. Analog Devices’s revenue was up 25.9% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 86.84%.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent research reports. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Benchmark restated a “buy” rating and set a $285.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Piper Sandler set a $290.00 price target on shares of Analog Devices in a research report on Tuesday, November 25th. Wells Fargo & Company set a $340.00 price objective on shares of Analog Devices and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $312.04.

Institutional Investors Weigh In On Analog Devices

Several institutional investors have recently added to or reduced their stakes in ADI. Howard Hughes Medical Institute bought a new position in shares of Analog Devices during the second quarter worth about $25,000. Entrust Financial LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $33,000. Albion Financial Group UT grew its position in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares in the last quarter. Clayton Financial Group LLC acquired a new stake in Analog Devices in the 3rd quarter valued at $31,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Analog Devices by 61.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company’s stock worth $35,000 after buying an additional 49 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

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.