Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $318.14, for a total transaction of $3,181,400.00. Following the completion of the transaction, the chief executive officer directly owned 167,826 shares of the company’s stock, valued at approximately $53,392,163.64. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Vincent Roche also recently made the following trade(s):
- On Monday, February 2nd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00.
Analog Devices Price Performance
Shares of NASDAQ:ADI remained flat at $318.34 during trading on Friday. The company’s stock had a trading volume of 2,385,611 shares, compared to its average volume of 3,907,097. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $363.20. The firm’s 50-day moving average is $324.96 and its 200 day moving average is $281.46. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $155.41 billion, a P/E ratio of 58.20, a PEG ratio of 1.47 and a beta of 1.05.
Analog Devices Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a dividend of $1.10 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, March 3rd. Analog Devices’s dividend payout ratio (DPR) is currently 80.44%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares during the last quarter. Sivia Capital Partners LLC raised its position in Analog Devices by 36.0% during the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 464 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in Analog Devices by 3.0% during the second quarter. Beacon Pointe Advisors LLC now owns 10,533 shares of the semiconductor company’s stock valued at $2,507,000 after purchasing an additional 308 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Analog Devices during the second quarter worth about $126,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Analog Devices by 208.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 74,725 shares of the semiconductor company’s stock worth $17,786,000 after purchasing an additional 50,512 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on ADI. Benchmark raised their price objective on shares of Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Robert W. Baird set a $365.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Evercore reissued an “outperform” rating and issued a $387.00 price target on shares of Analog Devices in a report on Thursday, February 19th. Jefferies Financial Group restated a “buy” rating and set a $410.00 price target on shares of Analog Devices in a research report on Thursday, February 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price target (up from $350.00) on shares of Analog Devices in a report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $367.81.
Get Our Latest Stock Report on ADI
About Analog Devices
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.
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