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.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is 86.96%.

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.

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

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