Analog Devices (NASDAQ:ADI) Director Ray Stata Sells 3,125 Shares

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $279.39, for a total transaction of $873,093.75. Following the transaction, the director directly owned 136,321 shares of the company’s stock, valued at $38,086,724.19. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ray Stata also recently made the following trade(s):

• On Tuesday, November 4th, Ray Stata sold 3,125 shares of Analog Devices stock. The stock was sold at an average price of $230.21, for a total value of $719,406.25.

Analog Devices Trading Up 1.4%

Shares of NASDAQ ADI traded up $3.88 during trading on Thursday, reaching $274.92. The company had a trading volume of 4,103,652 shares, compared to its average volume of 3,832,647. The stock has a market cap of $134.61 billion, a P/E ratio of 60.29, a PEG ratio of 1.55 and a beta of 1.04. The company’s fifty day moving average price is $248.45 and its 200-day moving average price is $241.59. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $284.23.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be issued a $0.99 dividend. The ex-dividend date is Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.4%. Analog Devices’s payout ratio is presently 86.84%.

Analyst Ratings Changes

ADI has been the topic of a number of research analyst reports. Cfra reaffirmed a “buy” rating and set a $280.00 price target on shares of Analog Devices in a research report on Tuesday, November 25th. Benchmark reissued a “buy” rating and issued a $285.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. KeyCorp lifted their target price on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Bank of America raised their price objective on shares of Analog Devices from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Solstein Capital LLC boosted its position in Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 46 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Analog Devices by 7.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,001,839 shares of the semiconductor company’s stock worth $238,458,000 after buying an additional 71,735 shares during the period. West Family Investments Inc. bought a new position in Analog Devices in the 2nd quarter worth approximately $376,000. Nisa Investment Advisors LLC lifted its position in shares of Analog Devices by 13.7% during the second quarter. Nisa Investment Advisors LLC now owns 203,286 shares of the semiconductor company’s stock worth $48,386,000 after acquiring an additional 24,425 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Analog Devices by 88.2% in the second quarter. Bank of Montreal Can now owns 1,040,536 shares of the semiconductor company’s stock worth $247,668,000 after acquiring an additional 487,535 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

About Analog Devices

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.