Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 2,700 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $93.34, for a total transaction of $252,018.00. Following the transaction, the senior vice president now owns 24,517 shares in the company, valued at $2,288,416.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:ADI opened at $89.53 on Friday. The stock has a market capitalization of $33.48 billion, a P/E ratio of 15.20, a PEG ratio of 1.33 and a beta of 1.27. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $103.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.50.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. Analog Devices had a net margin of 24.12% and a return on equity of 20.88%. Analog Devices’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. On average, research analysts expect that Analog Devices, Inc. will post 5.5 earnings per share for the current fiscal year.
Analog Devices announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 21st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
ADI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Thursday, August 23rd. B. Riley reduced their price objective on shares of Analog Devices from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Stifel Nicolaus increased their price objective on shares of Analog Devices from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. BMO Capital Markets restated a “buy” rating and issued a $107.00 price target on shares of Analog Devices in a research report on Monday, August 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $118.00 price target on shares of Analog Devices in a research report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Analog Devices presently has an average rating of “Hold” and a consensus price target of $100.52.
A number of large investors have recently modified their holdings of ADI. Moody National Bank Trust Division acquired a new position in Analog Devices during the 3rd quarter valued at about $105,000. Fort L.P. acquired a new position in Analog Devices during the 2nd quarter valued at about $117,000. Integrated Investment Consultants LLC acquired a new position in Analog Devices during the 2nd quarter valued at about $130,000. Atlas Capital Advisors LLC acquired a new position in Analog Devices during the 3rd quarter valued at about $146,000. Finally, Gamble Jones Investment Counsel acquired a new position in Analog Devices during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 89.57% of the company’s stock.
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About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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