Analog Devices, Inc. (NASDAQ:ADI) CFO Prashanth Mahendra-Rajah sold 3,625 shares of Analog Devices stock in a transaction on Friday, November 27th. The stock was sold at an average price of $138.41, for a total value of $501,736.25. Following the sale, the chief financial officer now owns 15,184 shares of the company’s stock, valued at $2,101,617.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of ADI traded down $0.31 during trading hours on Monday, reaching $137.44. The company had a trading volume of 25,952 shares, compared to its average volume of 3,001,820. Analog Devices, Inc. has a 12-month low of $79.07 and a 12-month high of $140.38. The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $50.90 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.50 and a beta of 1.30. The firm has a 50 day simple moving average of $127.99 and a 200-day simple moving average of $119.41.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Monday, November 23rd. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same period in the previous year, the company posted $1.19 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 5.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be paid a $0.62 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 1.80%. Analog Devices’s payout ratio is 50.51%.
Large investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. increased its position in Analog Devices by 2.1% during the second quarter. Stratos Wealth Partners LTD. now owns 6,291 shares of the semiconductor company’s stock worth $772,000 after buying an additional 131 shares in the last quarter. Community Bank N.A. grew its position in shares of Analog Devices by 189.7% in the second quarter. Community Bank N.A. now owns 336 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 220 shares during the period. Brinker Capital Inc. increased its stake in Analog Devices by 10.3% in the second quarter. Brinker Capital Inc. now owns 13,633 shares of the semiconductor company’s stock valued at $1,672,000 after purchasing an additional 1,269 shares during the last quarter. Signaturefd LLC lifted its position in Analog Devices by 4.5% during the second quarter. Signaturefd LLC now owns 4,436 shares of the semiconductor company’s stock worth $544,000 after buying an additional 193 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Analog Devices by 37.3% in the 2nd quarter. Park Avenue Securities LLC now owns 3,639 shares of the semiconductor company’s stock worth $446,000 after buying an additional 989 shares during the last quarter. Hedge funds and other institutional investors own 79.48% of the company’s stock.
A number of analysts recently weighed in on ADI shares. Loop Capital upped their price objective on shares of Analog Devices from $136.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their price target on Analog Devices from $142.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Raymond James increased their price objective on shares of Analog Devices from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 25th. Truist lifted their price target on Analog Devices from $136.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, November 25th. Finally, Citigroup lifted their price objective on shares of Analog Devices from $120.00 to $134.00 and gave the company a “buy” rating in a report on Monday, August 24th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $139.31.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company 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 and microwave ICs to support cellular infrastructure.
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