Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total value of $2,289,300.00. Following the transaction, the chief executive officer now owns 45,326 shares in the company, valued at approximately $10,376,481.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Vincent Roche also recently made the following trade(s):

• On Tuesday, September 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.69, for a total transaction of $2,286,900.00.
• On Thursday, August 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00.

Analog Devices Trading Up 1.8 %

ADI opened at $227.73 on Thursday. The company has a market cap of $113.00 billion, a P/E ratio of 53.21, a PEG ratio of 3.75 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $222.68 and its 200-day moving average is $218.04. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business earned $2.49 earnings per share. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.62%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Institutional Trading of Analog Devices

A number of institutional investors and hedge funds have recently bought and sold shares of ADI. CWA Asset Management Group LLC increased its position in Analog Devices by 18.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,508 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 236 shares during the period. Belpointe Asset Management LLC boosted its stake in shares of Analog Devices by 17.8% in the 4th quarter. Belpointe Asset Management LLC now owns 2,305 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 348 shares during the last quarter. Edge Capital Group LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $442,000. Lake Street Advisors Group LLC bought a new position in Analog Devices during the fourth quarter worth $830,000. Finally, Capital International Investors lifted its holdings in Analog Devices by 5.8% in the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock valued at $895,702,000 after buying an additional 246,799 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADI shares. Morgan Stanley raised their target price on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Barclays raised their price objective on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Oppenheimer reissued an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, July 16th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.