Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $108.96, for a total value of $1,089,600.00. Following the transaction, the chief executive officer now directly owns 31,206 shares in the company, valued at approximately $3,400,205.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vincent Roche also recently made the following trade(s):
- On Tuesday, October 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $111.22, for a total value of $1,112,200.00.
- On Tuesday, September 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $92.34, for a total value of $923,400.00.
Shares of ADI opened at $112.03 on Thursday. The firm has a market cap of $40.40 billion, a PE ratio of 18.86, a PEG ratio of 1.97 and a beta of 1.42. The stock’s fifty day moving average price is $110.65 and its two-hundred day moving average price is $110.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. Analog Devices, Inc. has a 1 year low of $80.08 and a 1 year high of $124.79.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The business’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. Sell-side analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Analog Devices by 1.6% in the second quarter. Vanguard Group Inc. now owns 31,611,473 shares of the semiconductor company’s stock valued at $3,567,986,000 after buying an additional 506,468 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Analog Devices by 1.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,890,839 shares of the semiconductor company’s stock valued at $2,110,675,000 after buying an additional 310,719 shares during the period. Wells Fargo & Company MN raised its stake in shares of Analog Devices by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 7,579,610 shares of the semiconductor company’s stock valued at $855,510,000 after purchasing an additional 260,484 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Analog Devices by 164.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,636,929 shares of the semiconductor company’s stock valued at $636,240,000 after purchasing an additional 3,502,958 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Analog Devices by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,937,825 shares of the semiconductor company’s stock valued at $331,591,000 after purchasing an additional 84,299 shares during the period. Hedge funds and other institutional investors own 87.58% of the company’s stock.
ADI has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Analog Devices from $97.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Raymond James upgraded Analog Devices from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Wednesday, October 30th. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. Daiwa Capital Markets initiated coverage on Analog Devices in a report on Tuesday, October 22nd. They set an “outperform” rating and a $121.00 price target on the stock. Finally, Barclays upgraded Analog Devices from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $130.00 in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Analog Devices presently has a consensus rating of “Buy” and an average price target of $114.33.
About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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