Analog Devices, Inc. (NASDAQ:ADI) SVP Martin Cotter sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $96.72, for a total transaction of $386,880.00. Following the completion of the transaction, the senior vice president now owns 4,173 shares of the company’s stock, valued at $403,612.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Martin Cotter also recently made the following trade(s):
- On Friday, April 13th, Martin Cotter sold 3,847 shares of Analog Devices stock. The stock was sold at an average price of $93.41, for a total transaction of $359,348.27.
Shares of ADI stock opened at $96.31 on Tuesday. Analog Devices, Inc. has a 1 year low of $76.07 and a 1 year high of $103.59. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.65. The firm has a market cap of $35.58 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. sell-side analysts forecast that Analog Devices, Inc. will post 5.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 19th. Stockholders of record on Friday, June 8th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, June 7th. Analog Devices’s payout ratio is 40.68%.
A number of equities analysts recently weighed in on ADI shares. Raymond James upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Monday, March 26th. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, March 5th. SunTrust Banks boosted their target price on shares of Analog Devices to $116.00 and gave the company a “positive” rating in a research note on Thursday, April 12th. They noted that the move was a valuation call. UBS Group upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th. Finally, Morgan Stanley boosted their target price on shares of Analog Devices from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 31st. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $104.33.
Several hedge funds have recently modified their holdings of the company. Icon Wealth Partners LLC bought a new position in Analog Devices in the 4th quarter worth $121,000. Pin Oak Investment Advisors Inc. bought a new position in Analog Devices in the 4th quarter worth $139,000. Summit Trail Advisors LLC boosted its holdings in Analog Devices by 6,966.6% in the 1st quarter. Summit Trail Advisors LLC now owns 147,410 shares of the semiconductor company’s stock worth $147,000 after buying an additional 145,324 shares during the period. Massey Quick Simon & CO. LLC boosted its holdings in Analog Devices by 98.8% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock worth $151,000 after buying an additional 825 shares during the period. Finally, Avestar Capital LLC bought a new position in Analog Devices in the 4th quarter worth $158,000. 87.38% of the stock is owned by hedge funds and other institutional investors.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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