Analog Devices (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the sale, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at $42,825,098.16. The trade was a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vincent Roche also recently made the following trade(s):

• On Monday, November 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00.

Analog Devices Stock Performance

ADI traded up $3.55 during trading on Monday, hitting $277.29. 2,937,852 shares of the company traded hands, compared to its average volume of 3,248,020. The firm has a market cap of $135.78 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03. The stock’s fifty day moving average is $257.07 and its 200 day moving average is $245.89. 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 one year low of $158.65 and a one year high of $284.23.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.4%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company raised their target price on Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Wall Street Zen lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a research note on Monday, December 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of Analog Devices in a report on Tuesday, December 16th. Finally, Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Argent Capital Management LLC lifted its holdings in shares of Analog Devices by 3,907.7% in the 4th quarter. Argent Capital Management LLC now owns 52,661 shares of the semiconductor company’s stock worth $14,282,000 after acquiring an additional 51,347 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Analog Devices by 8.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,053 shares of the semiconductor company’s stock worth $3,540,000 after purchasing an additional 984 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in Analog Devices during the fourth quarter valued at about $73,000. Union Bancaire Privee UBP SA boosted its position in Analog Devices by 5.1% during the fourth quarter. Union Bancaire Privee UBP SA now owns 13,859 shares of the semiconductor company’s stock valued at $3,720,000 after buying an additional 678 shares during the period. Finally, Trust Co of the South grew its stake in shares of Analog Devices by 2.0% during the fourth quarter. Trust Co of the South now owns 3,583 shares of the semiconductor company’s stock valued at $972,000 after buying an additional 70 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

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.