Analog Devices Inc. (NASDAQ:ADI) Director John C. Hodgson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $64.42, for a total value of $483,150.00. Following the completion of the sale, the director now directly owns 18,485 shares of the company’s stock, valued at $1,190,803.70. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Analog Devices Inc. (NASDAQ:ADI) opened at 64.68 on Thursday. The company has a 50-day moving average price of $62.90 and a 200-day moving average price of $59.70. The company has a market cap of $19.89 billion, a PE ratio of 30.55 and a beta of 1.25. Analog Devices Inc. has a 1-year low of $47.24 and a 1-year high of $66.91.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The business had revenue of $870 million for the quarter, compared to analysts’ expectations of $847.43 million. Analog Devices had a net margin of 19.49% and a return on equity of 19.40%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. On average, analysts expect that Analog Devices Inc. will post $2.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 26th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, August 24th. Analog Devices’s dividend payout ratio is presently 79.62%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tdam USA Inc. boosted its position in shares of Analog Devices by 0.3% in the second quarter. Tdam USA Inc. now owns 9,028 shares of the company’s stock valued at $511,000 after buying an additional 23 shares in the last quarter. World Asset Management Inc boosted its position in Analog Devices by 0.3% in the second quarter. World Asset Management Inc now owns 30,251 shares of the company’s stock worth $1,713,000 after buying an additional 77 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Analog Devices by 1.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,875 shares of the company’s stock worth $401,000 after buying an additional 102 shares during the period. HL Financial Services LLC boosted its position in Analog Devices by 1.0% in the second quarter. HL Financial Services LLC now owns 11,786 shares of the company’s stock worth $667,000 after buying an additional 113 shares during the period. Finally, West Oak Capital LLC boosted its position in Analog Devices by 0.5% in the second quarter. West Oak Capital LLC now owns 21,430 shares of the company’s stock worth $1,214,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 85.71% of the company’s stock.
A number of analysts recently commented on ADI shares. Evercore ISI raised Analog Devices from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, July 27th. Stifel Nicolaus boosted their target price on Analog Devices from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Drexel Hamilton boosted their target price on Analog Devices from $62.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Bank of America Corp. lowered Analog Devices from a “buy” rating to a “neutral” rating and decreased their target price for the company from $61.00 to $60.00 in a research report on Monday, June 27th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Analog Devices in a research report on Tuesday, June 14th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and an average price target of $70.64.
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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