Analog Devices, Inc. (NASDAQ:ADI) SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the completion of the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,111,301.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Peter Real also recently made the following trade(s):

  • On Friday, July 21st, Peter Real sold 4,505 shares of Analog Devices stock. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at 84.38 on Friday. Analog Devices, Inc. has a 12-month low of $59.01 and a 12-month high of $90.49. The company’s 50-day moving average is $79.59 and its 200-day moving average is $80.13. The company has a market capitalization of $30.97 billion, a price-to-earnings ratio of 32.32 and a beta of 1.28.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will post $4.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. Analog Devices’s dividend payout ratio (DPR) is 86.12%.

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Several hedge funds have recently added to or reduced their stakes in ADI. British Columbia Investment Management Corp increased its stake in Analog Devices by 34.2% in the first quarter. British Columbia Investment Management Corp now owns 208,526 shares of the semiconductor company’s stock valued at $17,089,000 after buying an additional 53,139 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in Analog Devices during the first quarter valued at $63,309,000. Summit Securities Group LLC acquired a new stake in Analog Devices during the first quarter valued at $1,572,000. Norinchukin Bank The increased its stake in Analog Devices by 26.5% in the first quarter. Norinchukin Bank The now owns 23,650 shares of the semiconductor company’s stock valued at $1,938,000 after buying an additional 4,956 shares during the period. Finally, Swiss National Bank increased its stake in Analog Devices by 51.3% in the first quarter. Swiss National Bank now owns 1,291,248 shares of the semiconductor company’s stock valued at $105,818,000 after buying an additional 437,580 shares during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.

A number of equities analysts have commented on ADI shares. Stifel Nicolaus reissued a “buy” rating and issued a $97.00 price target (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price target (up previously from $93.00) on shares of Analog Devices in a research note on Wednesday, May 31st. B. Riley reissued a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a research note on Tuesday, May 30th. Credit Suisse Group reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Friday, May 26th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Monday, May 22nd. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.85.

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.

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

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