Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares of Stock

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Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $110.05, for a total transaction of $1,100,500.00. Following the sale, the chief executive officer now directly owns 31,206 shares in the company, valued at $3,434,220.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Vincent Roche also recently made the following trade(s):

  • On Friday, November 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $108.96, for a total transaction of $1,089,600.00.
  • On Tuesday, October 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $111.22, for a total transaction of $1,112,200.00.

ADI opened at $110.25 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 1.32. Analog Devices, Inc. has a one year low of $80.08 and a one year high of $124.79. The company has a market cap of $41.60 billion, a P/E ratio of 21.41, a PEG ratio of 2.23 and a beta of 1.41. The business’s 50-day simple moving average is $110.88 and its 200-day simple moving average is $110.30.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Analog Devices had a net margin of 22.75% and a return on equity of 16.39%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. As a group, analysts predict that Analog Devices, Inc. will post 4.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.96%. Analog Devices’s dividend payout ratio is presently 41.94%.

ADI has been the topic of a number of recent research reports. ValuEngine lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks reiterated a “buy” rating and issued a $133.00 target price on shares of Analog Devices in a report on Wednesday, November 27th. Loop Capital boosted their target price on Analog Devices from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, November 29th. They noted that the move was a valuation call. Nomura upped their price target on Analog Devices from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $135.00 price target on shares of Analog Devices in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $118.00.

Several institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc lifted its position in Analog Devices by 59.6% in the second quarter. NEXT Financial Group Inc now owns 2,077 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 776 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Analog Devices during the second quarter worth about $257,000. Commerzbank Aktiengesellschaft FI increased its position in shares of Analog Devices by 68.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 9,627 shares of the semiconductor company’s stock worth $1,087,000 after purchasing an additional 3,898 shares in the last quarter. Greenleaf Trust increased its position in shares of Analog Devices by 2.3% during the second quarter. Greenleaf Trust now owns 4,156 shares of the semiconductor company’s stock worth $469,000 after purchasing an additional 95 shares in the last quarter. Finally, Puzo Michael J lifted its holdings in shares of Analog Devices by 1.2% in the 2nd quarter. Puzo Michael J now owns 57,020 shares of the semiconductor company’s stock valued at $6,436,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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

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