Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $81.54, for a total transaction of $244,620.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,663,742.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Analog Devices, Inc. (NASDAQ ADI) opened at 80.04 on Friday. Analog Devices, Inc. has a 12 month low of $52.17 and a 12 month high of $90.49. The company has a 50-day moving average of $79.85 and a 200 day moving average of $77.93. The stock has a market capitalization of $29.38 billion, a price-to-earnings ratio of 30.65 and a beta of 1.27.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. Analog Devices’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. On average, equities research analysts anticipate that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Friday, June 9th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. Analog Devices’s payout ratio is currently 67.92%.
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Several institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Analog Devices during the first quarter worth approximately $100,000. Jacobus Wealth Management Inc. acquired a new position in shares of Analog Devices during the first quarter worth approximately $113,000. Heritage Trust Co acquired a new position in shares of Analog Devices during the first quarter worth approximately $114,000. Parallel Advisors LLC acquired a new position in shares of Analog Devices during the fourth quarter worth approximately $115,000. Finally, Guardian Life Insurance Co. of America boosted its position in shares of Analog Devices by 18.9% in 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. 87.99% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on ADI. Stifel Nicolaus reaffirmed a “buy” rating and issued a $97.00 price target (up previously from $95.00) on shares of Analog Devices in a report on Thursday, June 1st. Instinet cut shares of Analog Devices from a “neutral” rating to a “reduce” rating and lowered their price target for the stock from $82.00 to $72.00 in a report on Friday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $96.00 price target (up previously from $93.00) on shares of Analog Devices in a report on Thursday, June 1st. Pacific Crest lifted their price target on shares of Analog Devices to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a report on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $88.67.
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.
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