Analog Devices, Inc. (NASDAQ:ADI) Director Sells $113,620.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the transaction, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analog Devices Trading Down 1.2 %

Shares of ADI traded down $2.78 during trading hours on Monday, hitting $225.61. The stock had a trading volume of 2,532,258 shares, compared to its average volume of 3,373,435. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $244.14. The firm has a market cap of $111.95 billion, a P/E ratio of 53.36, a P/E/G ratio of 3.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. The company’s fifty day simple moving average is $226.33 and its 200 day simple moving average is $211.60.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $2.49 EPS. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. Equities research analysts forecast that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.63%. Analog Devices’s dividend payout ratio is currently 85.98%.

Hedge Funds Weigh In On Analog Devices

A number of hedge funds have recently made changes to their positions in ADI. USA Financial Formulas raised its holdings in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares during the period. Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices during the fourth quarter valued at approximately $29,000. New Millennium Group LLC acquired a new position in shares of Analog Devices during the second quarter worth $29,000. Riverview Trust Co purchased a new position in shares of Analog Devices in the first quarter valued at $30,000. Finally, ORG Partners LLC grew its holdings in Analog Devices by 675.0% during the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ADI shares. Stifel Nicolaus raised their target price on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday, May 20th. KeyCorp lifted their price objective on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. TD Cowen increased their target price on Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Jefferies Financial Group started coverage on Analog Devices in a report on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the company. Finally, Truist Financial decreased their price objective on Analog Devices from $275.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $251.45.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.