Analog Devices Inc. (NASDAQ:ADI) SVP Peter Real sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $64.14, for a total transaction of $416,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,786 shares in the company, valued at approximately $884,234.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Analog Devices Inc. (NASDAQ:ADI) opened at 64.45 on Friday. The company has a market capitalization of $19.82 billion, a P/E ratio of 30.44 and a beta of 1.21. Analog Devices Inc. has a one year low of $47.24 and a one year high of $66.91. The firm has a 50-day moving average of $62.94 and a 200-day moving average of $59.53.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 17th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. The company had revenue of $870 million for the quarter, compared to the consensus estimate of $847.43 million. Analog Devices had a return on equity of 19.40% and a net margin of 19.49%. Analog Devices’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. On average, analysts anticipate that Analog Devices Inc. will post $2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 26th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.61%. Analog Devices’s dividend payout ratio is currently 79.62%.
Several hedge funds have recently modified their holdings of ADI. Evercore Wealth Management LLC increased its stake in shares of Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the company’s stock valued at $100,000 after buying an additional 123 shares in the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Analog Devices during the second quarter valued at about $589,000. Williams Jones & Associates LLC increased its stake in shares of Analog Devices by 5.7% in the second quarter. Williams Jones & Associates LLC now owns 4,602 shares of the company’s stock valued at $261,000 after buying an additional 250 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Analog Devices during the second quarter valued at about $703,000. Finally, Kentucky Retirement Systems bought a new stake in shares of Analog Devices during the second quarter valued at about $1,480,000. Institutional investors and hedge funds own 85.71% of the company’s stock.
ADI has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on shares of Analog Devices from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Zacks Investment Research downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday. Pacific Crest reaffirmed an “overweight” rating on shares of Analog Devices in a report on Sunday, August 28th. KeyCorp reaffirmed a “buy” rating on shares of Analog Devices in a report on Wednesday, July 6th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Analog Devices in a report on Tuesday, June 14th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $70.68.
Analog Devices Company Profile
Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.
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