Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 10,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.22, for a total value of $902,200.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Analog Devices, Inc. (ADI) opened at $91.30 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The company has a market capitalization of $33,693.31, a PE ratio of 44.11, a PEG ratio of 1.69 and a beta of 1.29. Analog Devices, Inc. has a 12 month low of $71.00 and a 12 month high of $93.99.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. research analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.97%. Analog Devices’s payout ratio is presently 86.96%.
Several institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Analog Devices during the second quarter worth about $119,000. WFG Advisors LP grew its position in Analog Devices by 26.4% during the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after buying an additional 330 shares in the last quarter. Fieldpoint Private Securities LLC grew its position in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares in the last quarter. Clear Perspective Advisors LLC grew its position in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares in the last quarter. Finally, NEXT Financial Group Inc grew its position in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 86.98% of the company’s stock.
Several analysts recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Thursday. Stifel Nicolaus restated a “buy” rating and set a $97.00 target price on shares of Analog Devices in a report on Monday, September 25th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Piper Jaffray Companies began coverage on Analog Devices in a report on Monday, December 18th. They set a “neutral” rating and a $92.00 target price on the stock. Finally, KeyCorp restated a “buy” rating and set a $107.00 target price on shares of Analog Devices in a report on Friday, November 24th. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $96.72.
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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