Martin Cotter Sells 1,244 Shares of Analog Devices, Inc. (ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Martin Cotter sold 1,244 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $108.39, for a total value of $134,837.16. Following the completion of the sale, the senior vice president now owns 173 shares in the company, valued at $18,751.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ADI opened at $109.39 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $110.65. The stock has a market cap of $39.87 billion, a PE ratio of 18.42, a PEG ratio of 1.59 and a beta of 1.26.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.05. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 5.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Friday, March 1st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from Analog Devices’s previous quarterly dividend of $0.48. Analog Devices’s payout ratio is 36.36%.

Several institutional investors and hedge funds have recently bought and sold shares of ADI. Legacy Financial Advisors Inc. increased its position in shares of Analog Devices by 9,766.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 293 shares in the last quarter. PRW Wealth Management LLC purchased a new position in shares of Analog Devices during the fourth quarter worth about $27,000. Bruderman Asset Management LLC purchased a new position in shares of Analog Devices during the fourth quarter worth about $31,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Analog Devices during the fourth quarter worth about $34,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Analog Devices during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 90.20% of the company’s stock.

ADI has been the topic of several analyst reports. Oppenheimer increased their price objective on Analog Devices to $117.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. BidaskClub upgraded Analog Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research cut Analog Devices from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. ValuEngine upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Finally, Piper Jaffray Companies restated an “outperform” rating and issued a $112.00 price target on shares of Analog Devices in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $103.05.

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Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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