Analog Devices, Inc. (NASDAQ:ADI) SVP Joseph Hassett Sells 10,544 Shares

Analog Devices, Inc. (NASDAQ:ADI) SVP Joseph Hassett sold 10,544 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $116.72, for a total transaction of $1,230,695.68. Following the sale, the senior vice president now directly owns 34,360 shares of the company’s stock, valued at $4,010,499.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Joseph Hassett also recently made the following trade(s):

  • On Tuesday, June 18th, Joseph Hassett sold 10,040 shares of Analog Devices stock. The stock was sold at an average price of $109.38, for a total transaction of $1,098,175.20.

ADI stock traded down $1.26 during trading on Monday, reaching $115.26. The stock had a trading volume of 1,191,992 shares, compared to its average volume of 2,645,404. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $124.79. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $111.91 and its two-hundred day moving average is $109.81. The company has a market capitalization of $42.58 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.80 and a beta of 1.43.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $1.53 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, research analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, August 29th. Analog Devices’s payout ratio is 36.36%.

Several equities research analysts have recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Zacks Investment Research downgraded shares of Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 target price for the company. in a research report on Wednesday, May 29th. Piper Jaffray Companies boosted their target price on shares of Analog Devices from $118.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Barclays raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $105.00 to $130.00 in a research report on Thursday. Finally, BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $111.67.

A number of hedge funds have recently modified their holdings of ADI. Measured Wealth Private Client Group LLC boosted its stake in Analog Devices by 3.4% in the second quarter. Measured Wealth Private Client Group LLC now owns 2,507 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 83 shares during the last quarter. Nicolet Bankshares Inc. boosted its stake in Analog Devices by 4.1% in the second quarter. Nicolet Bankshares Inc. now owns 2,169 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 85 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Analog Devices by 1.4% in the first quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock valued at $683,000 after acquiring an additional 89 shares during the last quarter. Berman Capital Advisors LLC boosted its stake in Analog Devices by 43.8% in the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 91 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its stake in Analog Devices by 4.3% in the second quarter. Archford Capital Strategies LLC now owns 2,215 shares of the semiconductor company’s stock valued at $250,000 after acquiring an additional 91 shares during the last quarter. 87.52% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: Fundamental Analysis – How It Helps Investors

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.