Insider Selling: Analog Devices, Inc. (NASDAQ:ADI) CEO Sells $1,921,100.00 in Stock

Analog Devices, Inc. (NASDAQ:ADIGet Free Report) CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the transaction, the chief executive officer now owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Vincent Roche also recently made the following trade(s):

  • On Tuesday, January 2nd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $197.07, for a total transaction of $1,970,700.00.

Analog Devices Price Performance

ADI stock opened at $192.10 on Monday. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $202.77. The company has a quick ratio of 0.86, a current ratio of 1.37 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $95.25 billion, a PE ratio of 29.37, a P/E/G ratio of 2.82 and a beta of 1.19. The stock’s 50 day moving average is $191.59 and its two-hundred day moving average is $182.53.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $2.01 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.01). Analog Devices had a net margin of 26.94% and a return on equity of 14.18%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $2.73 earnings per share. Analog Devices’s revenue was down 16.4% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will post 7.05 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Monday, December 4th were issued a $0.86 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.79%. Analog Devices’s dividend payout ratio (DPR) is 52.60%.

Institutional Investors Weigh In On Analog Devices

A number of institutional investors have recently made changes to their positions in ADI. Private Wealth Partners LLC boosted its position in Analog Devices by 0.6% during the 4th quarter. Private Wealth Partners LLC now owns 28,179 shares of the semiconductor company’s stock valued at $5,595,000 after purchasing an additional 170 shares during the period. Stuart Chaussee & Associates Inc. acquired a new position in Analog Devices during the 4th quarter valued at approximately $32,000. Gilliland Jeter Wealth Management LLC acquired a new position in Analog Devices during the 4th quarter valued at approximately $346,000. Golden State Equity Partners boosted its position in Analog Devices by 11.3% during the 4th quarter. Golden State Equity Partners now owns 2,194 shares of the semiconductor company’s stock valued at $436,000 after purchasing an additional 223 shares during the period. Finally, Markel Group Inc. boosted its position in Analog Devices by 3.1% during the 4th quarter. Markel Group Inc. now owns 1,163,971 shares of the semiconductor company’s stock worth $231,118,000 after acquiring an additional 35,300 shares during the period. 85.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ADI shares. Oppenheimer reissued an “outperform” rating and set a $215.00 target price on shares of Analog Devices in a research note on Wednesday, November 22nd. TD Cowen lifted their price target on shares of Analog Devices from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Truist Financial decreased their price target on shares of Analog Devices from $213.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, November 22nd. Sanford C. Bernstein downgraded shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target for the company. in a research note on Thursday, January 4th. Finally, Morgan Stanley upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $176.00 to $225.00 in a report on Friday, November 17th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.56.

View Our Latest Research Report on Analog Devices

Analog Devices Company Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

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