Insider Selling: Analog Devices (NASDAQ:ADI) Director Sells 3,125 Shares of Stock

Key Points

• Ray Stata sold 3,125 shares of Analog Devices on December 16 at an average price of $279.39 for a total of $873,093.75, trimming his stake by 2.24% to 136,321 shares (worth about $38.09M).
• Analog Devices recently beat quarterly expectations with $2.26 EPS (vs. $2.22 est.) and $3.08B revenue (vs. $3.02B est.), driving 25.9% year-over-year revenue growth and a MarketBeat consensus rating of "Moderate Buy" with an average target of $285.78.
• The company announced a quarterly dividend of $0.99 per share (annualized $3.96, yield 1.4%, ex-dividend Dec. 8), and trades with a market cap of ~$134.6B and a trailing P/E of about 60.29.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $279.39, for a total value of $873,093.75. Following the completion of the sale, the director owned 136,321 shares in the company, valued at $38,086,724.19. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, November 4th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $230.21, for a total value of $719,406.25.

Analog Devices Price Performance

Shares of NASDAQ ADI traded up $3.88 during mid-day trading on Thursday, reaching $274.92. The company had a trading volume of 4,103,652 shares, compared to its average volume of 3,832,647. The company has a 50-day moving average price of $248.45 and a two-hundred day moving average price of $241.59. The stock has a market cap of $134.61 billion, a PE ratio of 60.29, a P/E/G ratio of 1.55 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $284.23.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm's revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.4%. Analog Devices's payout ratio is currently 86.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADI shares. Piper Sandler set a $290.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Analog Devices in a research report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Zacks Research downgraded Analog Devices from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Finally, Cfra reaffirmed a "buy" rating and issued a $280.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and an average target price of $285.78.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its position in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Analog Devices by 7.1% in the 1st quarter. Wellington Management Group LLP now owns 77,886 shares of the semiconductor company's stock valued at $15,707,000 after purchasing an additional 5,188 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Analog Devices during the 1st quarter worth $781,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Analog Devices in the first quarter valued at about $223,000. Finally, Berkshire Asset Management LLC PA grew its position in Analog Devices by 34.0% in the first quarter. Berkshire Asset Management LLC PA now owns 5,896 shares of the semiconductor company's stock valued at $1,196,000 after acquiring an additional 1,496 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

About Analog Devices

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.

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