Analog Devices, Inc. (NASDAQ:ADI) SVP Joseph Hassett sold 11,280 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $83.76, for a total value of $944,812.80. Following the completion of the sale, the senior vice president now owns 23,019 shares in the company, valued at $1,928,071.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Analog Devices, Inc. (ADI) opened at 82.51 on Thursday. The stock has a market cap of $30.28 billion, a P/E ratio of 31.60 and a beta of 1.29. The stock has a 50 day moving average price of $79.62 and a 200 day moving average price of $80.14. Analog Devices, Inc. has a 12 month low of $59.01 and a 12 month high of $90.49.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company’s quarterly revenue was up 64.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. Equities analysts anticipate that Analog Devices, Inc. will post $4.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, September 7th. Analog Devices’s payout ratio is 86.12%.

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ADI has been the topic of several recent research reports. Zacks Investment Research downgraded Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Monday, May 22nd. Credit Suisse Group restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Friday, May 26th. B. Riley restated a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a research report on Tuesday, May 30th. Finally, Drexel Hamilton restated a “buy” rating and issued a $105.00 price objective (up from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Analog Devices currently has an average rating of “Buy” and a consensus price target of $91.85.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC boosted its holdings in shares of Analog Devices by 0.3% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 11 shares in the last quarter. Pathstone Family Office LLC boosted its holdings in shares of Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 15 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Analog Devices by 0.6% in the 2nd quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock worth $367,000 after acquiring an additional 30 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Analog Devices by 0.9% in the 1st quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock worth $305,000 after acquiring an additional 32 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of Analog Devices by 1.4% in the 2nd quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 32 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

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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