Analog Devices, Inc. (NASDAQ:ADI) Director Sells $747,593.75 in Stock

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 6th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00.

Analog Devices Stock Up 0.4%

Analog Devices stock traded up $0.88 during trading hours on Friday, hitting $241.85. The stock had a trading volume of 2,761,631 shares, compared to its average volume of 3,598,123. The stock's 50-day moving average price is $230.08 and its 200-day moving average price is $214.68. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.73. The stock has a market capitalization of $120.02 billion, a P/E ratio of 65.90, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The business's revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.64%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on ADI. Seaport Res Ptn raised shares of Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Cowen reissued a "buy" rating on shares of Analog Devices in a report on Friday, May 23rd. The Goldman Sachs Group assumed coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target on the stock. Noble Financial raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Finally, Cantor Fitzgerald raised shares of Analog Devices from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $250.00 to $270.00 in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.89.

Hedge Funds Weigh In On Analog Devices

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Analog Devices by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after buying an additional 359,841 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares during the last quarter. Geode Capital Management LLC increased its position in Analog Devices by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock valued at $2,248,971,000 after acquiring an additional 247,737 shares during the last quarter. Norges Bank bought a new position in shares of Analog Devices in the fourth quarter worth about $1,755,958,000. Finally, FMR LLC grew its holdings in shares of Analog Devices by 0.8% in the fourth quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock worth $1,582,831,000 after purchasing an additional 61,390 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.