Analog Devices Inc. (ADI) SVP Peter Real Sells 6,500 Shares
Analog Devices Inc. (NASDAQ:ADI) SVP Peter Real sold 6,500 shares of Analog Devices stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $64.14, for a total transaction of $416,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,786 shares in the company, valued at $884,234.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Analog Devices Inc. (NASDAQ:ADI) opened at 64.45 on Friday. The stock has a market capitalization of $19.82 billion, a PE ratio of 30.44 and a beta of 1.21. Analog Devices Inc. has a 1-year low of $47.24 and a 1-year high of $66.91. The firm has a 50-day moving average of $62.94 and a 200-day moving average of $59.53.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. The firm had revenue of $870 million for the quarter, compared to analysts’ expectations of $847.43 million. Analog Devices had a net margin of 19.49% and a return on equity of 19.40%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. Equities analysts expect that Analog Devices Inc. will post $2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 26th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Wednesday, August 24th. Analog Devices’s payout ratio is presently 79.62%.
A number of analysts have weighed in on ADI shares. B. Riley restated a “buy” rating and issued a $73.00 target price on shares of Analog Devices in a research report on Wednesday, July 27th. MKM Partners raised their target price on shares of Analog Devices from $56.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Wells Fargo & Co. restated a “buy” rating on shares of Analog Devices in a research report on Thursday, August 18th. Oppenheimer Holdings Inc. upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Wednesday, July 27th. Finally, Citigroup Inc. lowered shares of Analog Devices from a “buy” rating to a “neutral” rating and raised their target price for the company from $60.00 to $68.00 in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and an average price target of $70.68.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Evercore Wealth Management LLC boosted its position in Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the company’s stock worth $100,000 after buying an additional 123 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Analog Devices during the first quarter worth approximately $105,000. Meeder Asset Management Inc. bought a new position in Analog Devices during the first quarter worth approximately $112,000. Quadrant Capital Group LLC boosted its position in Analog Devices by 18.9% in the second quarter. Quadrant Capital Group LLC now owns 2,421 shares of the company’s stock worth $131,000 after buying an additional 384 shares during the last quarter. Finally, SevenBridge Financial Group LLC bought a new position in Analog Devices during the second quarter worth approximately $146,000. Hedge funds and other institutional investors own 85.71% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.
Receive News & Stock Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related stocks with our FREE daily email newsletter.