Analog Devices, Inc. (NASDAQ:ADI) Director Kenton J. Sicchitano sold 15,000 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $88.15, for a total value of $1,322,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Analog Devices, Inc. (NASDAQ:ADI) opened at 87.87 on Friday. The firm has a market capitalization of $32.31 billion, a P/E ratio of 43.74 and a beta of 1.30. Analog Devices, Inc. has a 1-year low of $59.54 and a 1-year high of $90.49. The company has a 50-day moving average price of $82.99 and a 200-day moving average price of $80.42.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts predict that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio is currently 86.12%.

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ADI has been the topic of several research reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Citigroup Inc. reissued a “neutral” rating and issued a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Raymond James Financial, Inc. began coverage on Analog Devices in a research report on Friday, June 16th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of Analog Devices in a research report on Friday, August 4th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and an average target price of $92.12.

Several institutional investors and hedge funds have recently made changes to their positions in ADI. Waldron LP raised its position in shares of Analog Devices by 40.9% during the first quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 1,210 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Analog Devices by 1,377.6% during the first quarter. Private Advisor Group LLC now owns 53,269 shares of the semiconductor company’s stock valued at $2,353,000 after buying an additional 49,664 shares during the last quarter. Delta Lloyd NV raised its position in shares of Analog Devices by 158.3% during the first quarter. Delta Lloyd NV now owns 128,269 shares of the semiconductor company’s stock valued at $9,774,000 after buying an additional 78,612 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of Analog Devices by 1.5% during the first quarter. Peapack Gladstone Financial Corp now owns 3,095 shares of the semiconductor company’s stock valued at $254,000 after buying an additional 45 shares during the last quarter. Finally, Madison Investment Holdings Inc. raised its position in shares of Analog Devices by 0.6% during the first quarter. Madison Investment Holdings Inc. now owns 10,902 shares of the semiconductor company’s stock valued at $893,000 after buying an additional 61 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

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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