Analog Devices, Inc. (NASDAQ:ADI) SVP Gregory N. Henderson sold 4,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the transaction, the senior vice president now owns 1,163 shares of the company’s stock, valued at $106,437.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $91.83 on Tuesday. The company has a market capitalization of $33,850.00, a P/E ratio of 46.38, a P/E/G ratio of 1.70 and a beta of 1.29. Analog Devices, Inc. has a 52-week low of $71.00 and a 52-week high of $93.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The firm 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%. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. equities analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were given a $0.45 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 1.96%. Analog Devices’s dividend payout ratio is currently 90.91%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Copper Rock Capital Partners LLC boosted its position in Analog Devices by 47.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 110,625 shares of the semiconductor company’s stock worth $9,888,000 after purchasing an additional 35,687 shares in the last quarter. Abner Herrman & Brock LLC purchased a new stake in Analog Devices in the 4th quarter worth approximately $4,873,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Analog Devices in the 4th quarter worth approximately $694,000. Neville Rodie & Shaw Inc. purchased a new stake in Analog Devices in the 4th quarter worth approximately $827,000. Finally, Parametric Portfolio Associates LLC boosted its position in Analog Devices by 21.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,400,026 shares of the semiconductor company’s stock worth $120,640,000 after purchasing an additional 251,513 shares in the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.
Several equities analysts have recently issued reports on ADI shares. Jefferies Group restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Thursday, October 19th. SunTrust Banks restated a “buy” rating and set a $106.00 price objective on shares of Analog Devices in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Tuesday, October 10th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $97.00 price objective on shares of Analog Devices in a report on Monday, September 25th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $96.72.
About Analog Devices
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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