Analog Devices Inc. (NASDAQ:ADI) Director John C. Hodgson sold 5,000 shares of Analog Devices stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $73.95, for a total value of $369,750.00. Following the transaction, the director now owns 15,985 shares of the company’s stock, valued at approximately $1,182,090.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analog Devices Inc. (NASDAQ:ADI) opened at 74.24 on Thursday. The company has a 50-day moving average price of $65.32 and a 200 day moving average price of $61.66. Analog Devices Inc. has a 12-month low of $47.24 and a 12-month high of $74.87. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 26.90 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.16. Analog Devices had a net margin of 25.18% and a return on equity of 19.31%. The firm had revenue of $1 million for the quarter, compared to analyst estimates of $941.92 million. During the same quarter last year, the business earned $1.03 earnings per share. Analog Devices’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Analog Devices Inc. will post $3.40 EPS for the current year.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Friday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. Analog Devices’s dividend payout ratio (DPR) is currently 60.87%.

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ADI has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $74.00 price objective on shares of Analog Devices in a research note on Saturday, August 20th. Argus reiterated a “buy” rating and set a $73.00 price objective on shares of Analog Devices in a research note on Thursday, August 18th. Morgan Stanley reiterated a “buy” rating and set a $78.00 price objective on shares of Analog Devices in a research note on Thursday, August 18th. Jefferies Group reiterated a “buy” rating and set a $84.00 price objective on shares of Analog Devices in a research note on Thursday, August 18th. Finally, Pacific Crest reiterated a “buy” rating on shares of Analog Devices in a research note on Sunday, September 11th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $73.97.

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Analog Devices by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 13,513,568 shares of the company’s stock worth $870,948,000 after buying an additional 3,872,491 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Analog Devices by 34.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,122,821 shares of the company’s stock worth $652,416,000 after buying an additional 2,617,935 shares during the period. Capital International Investors raised its position in shares of Analog Devices by 187.5% in the second quarter. Capital International Investors now owns 3,793,500 shares of the company’s stock worth $214,864,000 after buying an additional 2,473,800 shares during the period. First Eagle Investment Management LLC raised its position in shares of Analog Devices by 33.0% in the third quarter. First Eagle Investment Management LLC now owns 4,031,950 shares of the company’s stock worth $259,859,000 after buying an additional 1,001,397 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Analog Devices by 58.1% in the third quarter. Ameriprise Financial Inc. now owns 2,141,684 shares of the company’s stock worth $138,021,000 after buying an additional 786,774 shares during the period. Hedge funds and other institutional investors own 87.96% 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.

5 Day Chart for NASDAQ:ADI

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