Analog Devices, Inc. (NASDAQ:ADI) Director Sells $1,434,585.60 in Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Kenton J. Sicchitano sold 11,860 shares of the company’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $120.96, for a total value of $1,434,585.60. Following the completion of the sale, the director now directly owns 34,255 shares of the company’s stock, valued at $4,143,484.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analog Devices stock traded down $2.09 during mid-day trading on Friday, reaching $118.57. 1,610,500 shares of the company were exchanged, compared to its average volume of 1,683,589. Analog Devices, Inc. has a twelve month low of $85.44 and a twelve month high of $124.79. The firm’s 50-day simple moving average is $116.59 and its two-hundred day simple moving average is $113.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 1.32. The firm has a market cap of $44.44 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 4.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were issued a $0.54 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.82%. Analog Devices’s dividend payout ratio is currently 41.94%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Simon Quick Advisors LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $28,000. Assetmark Inc. lifted its holdings in shares of Analog Devices by 120.6% in the 2nd quarter. Assetmark Inc. now owns 289 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 158 shares during the period. Webster Bank N. A. lifted its holdings in shares of Analog Devices by 150.0% in the 3rd quarter. Webster Bank N. A. now owns 340 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 204 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of Analog Devices by 1,880.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 396 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 376 shares during the period. Finally, Usca Ria LLC acquired a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $48,000. 86.98% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on ADI. Morgan Stanley upped their target price on Analog Devices from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Bank of America upped their target price on Analog Devices from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Piper Jaffray Companies reissued a “buy” rating and issued a $135.00 target price on shares of Analog Devices in a research report on Wednesday, November 27th. Daiwa Capital Markets started coverage on Analog Devices in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $121.00 target price for the company. Finally, Barclays raised Analog Devices from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $105.00 to $130.00 in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $119.32.

About Analog Devices

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

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