Insider Selling: Analog Devices, Inc. (ADI) CEO Sells 10,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.25, for a total transaction of $912,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, December 4th, Vincent Roche sold 100,000 shares of Analog Devices stock. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00.

Analog Devices, Inc. (NASDAQ ADI) opened at $85.40 on Tuesday. The stock has a market capitalization of $31,480.00, a price-to-earnings ratio of 43.13, a PEG ratio of 1.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices, Inc. has a one year low of $74.65 and a one year high of $98.38.

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

Large investors have recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. raised its stake in Analog Devices by 0.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock valued at $812,000 after purchasing an additional 40 shares during the last quarter. Simmons Bank raised its stake in Analog Devices by 0.8% in the 2nd quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 59 shares during the last quarter. Advisory Services Network LLC raised its stake in Analog Devices by 3.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 100 shares during the last quarter. North Star Asset Management Inc. raised its stake in Analog Devices by 3.8% in the 2nd quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 106 shares during the last quarter. Finally, Hall Laurie J Trustee raised its stake in Analog Devices by 1.7% in the 2nd quarter. Hall Laurie J Trustee now owns 16,435 shares of the semiconductor company’s stock valued at $1,279,000 after purchasing an additional 274 shares during the last quarter. 86.20% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Royal Bank of Canada restated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Piper Jaffray Companies assumed coverage on shares of Analog Devices in a research report on Monday, December 18th. They set a “neutral” rating and a $92.00 target price on the stock. Morgan Stanley boosted their target price on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and set a $107.00 target price on shares of Analog Devices in a research report on Friday, November 24th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Analog Devices has a consensus rating of “Buy” and an average target price of $97.21.

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About Analog Devices

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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