Margaret K. Seif Sells 2,700 Shares of Analog Devices, Inc. (ADI) Stock

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Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 2,700 shares of Analog Devices stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.00, for a total value of $243,000.00. Following the completion of the sale, the senior vice president now owns 24,517 shares of the company’s stock, valued at $2,206,530. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of ADI stock traded down $2.34 during trading hours on Friday, reaching $87.59. 3,043,163 shares of the company traded hands, compared to its average volume of 3,817,977. Analog Devices, Inc. has a 12-month low of $76.62 and a 12-month high of $103.59. The company has a quick ratio of 1.16, a current ratio of 1.58 and a debt-to-equity ratio of 0.60. The stock has a market cap of $32.82 billion, a P/E ratio of 18.56, a PEG ratio of 1.22 and a beta of 1.23.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 22nd. The semiconductor company reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.07. Analog Devices had a return on equity of 20.89% and a net margin of 22.94%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts expect that Analog Devices, Inc. will post 5.93 earnings per share for the current fiscal year.

Analog Devices declared that its board has authorized a share buyback plan on Tuesday, August 21st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several hedge funds have recently bought and sold shares of ADI. Massachusetts Financial Services Co. MA lifted its position in shares of Analog Devices by 23.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,929,042 shares of the semiconductor company’s stock valued at $1,623,835,000 after buying an additional 3,199,255 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Analog Devices by 138.1% during the 3rd quarter. American Century Companies Inc. now owns 2,314,874 shares of the semiconductor company’s stock valued at $214,033,000 after buying an additional 1,342,492 shares in the last quarter. Morgan Stanley lifted its position in shares of Analog Devices by 19.9% during the 2nd quarter. Morgan Stanley now owns 7,076,283 shares of the semiconductor company’s stock valued at $678,754,000 after buying an additional 1,172,933 shares in the last quarter. Millennium Management LLC lifted its position in shares of Analog Devices by 69.0% during the 2nd quarter. Millennium Management LLC now owns 1,783,441 shares of the semiconductor company’s stock valued at $171,068,000 after buying an additional 728,032 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Analog Devices by 80.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,498,869 shares of the semiconductor company’s stock valued at $138,585,000 after buying an additional 669,400 shares in the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

ADI has been the subject of a number of recent research reports. Goldman Sachs Group downgraded Analog Devices from a “neutral” rating to a “sell” rating and cut their price target for the company from $56.00 to $47.00 in a research note on Thursday, October 18th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Barclays restated an “overweight” rating and set a $108.00 price target on shares of Analog Devices in a research note on Wednesday, October 3rd. SunTrust Banks restated a “buy” rating and set a $118.00 price target on shares of Analog Devices in a research note on Thursday, August 30th. Finally, ValuEngine downgraded Analog Devices from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.70.

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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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