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

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the transaction, the director owned 123,821 shares in the company, valued at $39,288,403.30. This trade represents a 2.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, January 13th, Ray Stata sold 3,125 shares of Analog Devices stock. The stock was sold at an average price of $297.27, for a total transaction of $928,968.75.
• On Tuesday, December 16th, Ray Stata sold 3,125 shares of Analog Devices stock. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75.

Analog Devices Stock Performance

ADI opened at $320.45 on Friday. The company has a market cap of $156.58 billion, a PE ratio of 70.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The stock has a 50-day moving average of $290.44 and a 200-day moving average of $257.05. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $327.75.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (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 company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the business posted $1.67 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADI shares. Wells Fargo & Company set a $340.00 target price on Analog Devices and gave the stock an “overweight” rating in a report on Thursday, January 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of Analog Devices in a research note on Tuesday, December 16th. Oppenheimer lifted their price objective on Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Piper Sandler set a $290.00 target price on shares of Analog Devices in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.04.

Institutional Trading of Analog Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADI. Norges Bank acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $1,803,377,000. Amundi raised its holdings in Analog Devices by 44.8% in the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after purchasing an additional 1,922,302 shares during the period. Raymond James Financial Inc. boosted its position in shares of Analog Devices by 29.2% during the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock worth $1,186,714,000 after purchasing an additional 1,091,004 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Analog Devices by 3,456.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock valued at $287,398,000 after buying an additional 1,029,927 shares during the period. Finally, Marshall Wace LLP raised its stake in Analog Devices by 948.2% during the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock worth $258,487,000 after buying an additional 982,385 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.