Analog Devices, Inc. (ADI) Director Ray Stata Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 10,000 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $91.70, for a total transaction of $917,000.00. Following the completion of the transaction, the director now owns 179,481 shares of the company’s stock, valued at $16,458,407.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, January 2nd, Ray Stata sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $90.22, for a total transaction of $902,200.00.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $92.02 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 1-year low of $71.85 and a 1-year high of $93.99. The firm has a market cap of $33,921.87, a price-to-earnings ratio of 44.45, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue was up 53.4% on a year-over-year basis. equities research analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

ADI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Tuesday, October 10th. B. Riley reiterated a “buy” rating and issued a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Oppenheimer reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Stifel Nicolaus increased their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $98.00 target price on shares of Analog Devices in a research report on Wednesday, September 20th. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.21.

A number of institutional investors have recently modified their holdings of the business. Pathstone Family Office LLC boosted its holdings in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in shares of Analog Devices by 0.4% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock worth $812,000 after acquiring an additional 40 shares during the period. Simmons Bank lifted its holdings in shares of Analog Devices by 0.8% during the 2nd quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 59 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Analog Devices by 3.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 100 shares during the period. Finally, North Star Asset Management Inc. lifted its holdings in shares of Analog Devices by 3.8% during the 2nd quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 106 shares during the period. 87.08% of the stock is owned by hedge funds and other institutional investors.

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Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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