Analog Devices, Inc. (ADI) SVP Joseph Hassett Sells 18,400 Shares of Stock
Analog Devices, Inc. (NASDAQ:ADI) SVP Joseph Hassett sold 18,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $85.06, for a total transaction of $1,565,104.00. Following the transaction, the senior vice president now directly owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded up $1.25 during trading on Friday, hitting $86.69. 3,558,918 shares of the stock traded hands, compared to its average volume of 3,297,602. The stock has a market cap of $31,496.24, a PE ratio of 18.26, a PEG ratio of 1.58 and a beta of 1.29. Analog Devices, Inc. has a 1-year low of $71.00 and a 1-year high of $93.99. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $1.05 EPS. The company’s revenue was up 53.4% compared to the same quarter last year. equities research analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ADI. Wedbush Securities Inc. lifted its stake in shares of Analog Devices by 29.4% during the 2nd quarter. Wedbush Securities Inc. now owns 5,962 shares of the semiconductor company’s stock valued at $464,000 after buying an additional 1,353 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Analog Devices by 34.2% during the 2nd quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock valued at $1,127,000 after buying an additional 3,690 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Analog Devices during the 2nd quarter valued at $958,000. State of Wisconsin Investment Board lifted its stake in shares of Analog Devices by 7.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 432,949 shares of the semiconductor company’s stock valued at $33,683,000 after buying an additional 31,035 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Analog Devices by 44.5% during the 2nd quarter. Alps Advisors Inc. now owns 14,688 shares of the semiconductor company’s stock valued at $1,143,000 after buying an additional 4,524 shares in the last quarter. Institutional investors own 87.20% of the company’s stock.
Several brokerages recently weighed in on ADI. B. Riley reissued a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research report on Saturday, September 2nd. Stifel Nicolaus dropped their target price on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Morgan Stanley restated an “overweight” rating and issued a $103.00 target price (up previously from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Royal Bank of Canada raised their target price on shares of Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Finally, ValuEngine cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and a consensus price target of $96.24.
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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.
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