Insider Selling: Analog Devices, Inc. (ADI) SVP Sells 7,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total transaction of $591,710.00. Following the completion of the sale, the senior vice president now owns 20,404 shares in the company, valued at $1,724,750.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analog Devices, Inc. (NASDAQ ADI) traded up $0.58 during trading hours on Wednesday, reaching $85.41. 2,798,246 shares of the company’s stock were exchanged, compared to its average volume of 2,979,506. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The stock has a market capitalization of $31,256.63, a P/E ratio of 18.12, a P/E/G ratio of 1.57 and a beta of 1.29. Analog Devices, Inc. has a 12 month low of $70.26 and a 12 month high of $93.99.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. Analog Devices’s revenue was up 53.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. research analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, November 30th. Analog Devices’s dividend payout ratio is currently 86.96%.

A number of analysts recently issued reports on ADI shares. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton restated a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. B. Riley restated a “buy” rating and set a $110.00 target price on shares of Analog Devices in a research report on Sunday, August 27th. Stifel Nicolaus restated a “buy” rating and set a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Tuesday, October 10th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $96.04.

Several hedge funds have recently modified their holdings of ADI. Franklin Resources Inc. raised its stake in shares of Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after acquiring an additional 3,248,336 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Analog Devices by 97.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after acquiring an additional 2,123,268 shares during the period. Janus Henderson Group PLC grew its holdings in Analog Devices by 576.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after purchasing an additional 1,521,316 shares in the last quarter. BlackRock Inc. grew its holdings in Analog Devices by 6.2% during the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after purchasing an additional 1,437,338 shares in the last quarter. Finally, Prudential PLC grew its holdings in Analog Devices by 23,301.9% during the 2nd quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after purchasing an additional 1,298,616 shares in the last quarter. 87.08% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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