Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer owned 115,460 shares of the company’s stock, valued at $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vincent Roche also recently made the following trade(s):
- On Tuesday, September 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00.
- On Monday, August 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00.
Analog Devices Stock Performance
Analog Devices stock traded up $1.95 on Monday, reaching $419.10. 2,130,345 shares of the stock were exchanged, compared to its average volume of 4,070,410. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm has a fifty day moving average price of $375.29 and a two-hundred day moving average price of $380.32. The stock has a market cap of $203.08 billion, a PE ratio of 49.72, a PEG ratio of 1.29 and a beta of 1.22.
Analog Devices Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Evercore decreased their target price on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a report on Thursday, August 20th. BMO Capital Markets started coverage on Analog Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective on the stock. Finally, Robert W. Baird upped their target price on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $460.09.
Read Our Latest Stock Report on Analog Devices
Institutional Trading of Analog Devices
Large investors have recently bought and sold shares of the stock. ING Groep NV grew its stake in shares of Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after purchasing an additional 69,202 shares during the period. IPG Investment Advisors LLC acquired a new position in Analog Devices in the second quarter valued at about $1,922,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in Analog Devices by 108.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock worth $6,511,000 after buying an additional 10,648 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Analog Devices by 6.3% during the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock worth $543,656,000 after buying an additional 101,298 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Analog Devices during the 2nd quarter worth about $500,414,000. 86.81% of the stock is currently owned by institutional investors.
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.
The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.
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