Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director directly owned 11,019 shares in the company, valued at $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Karen Golz also recently made the following trade(s):
- On Friday, June 12th, Karen Golz sold 1,000 shares of Analog Devices stock. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00.
Analog Devices Stock Performance
NASDAQ:ADI opened at $390.96 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The firm has a market cap of $190.43 billion, a PE ratio of 58.09, a P/E/G ratio of 1.10 and a beta of 1.18. The firm has a 50 day simple moving average of $407.81 and a 200-day simple moving average of $356.10. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91.
Analog Devices Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is currently 65.38%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ADI. Needham & Company LLC increased their target price on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wolfe Research restated an “outperform” rating and issued a $475.00 price target on shares of Analog Devices in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company increased their price objective on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Arete Research raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 target price on the stock in a research report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $441.00.
Get Our Latest Research Report on ADI
Institutional Investors Weigh In On Analog Devices
Institutional investors and hedge funds have recently modified their holdings of the stock. Banque Transatlantique SA purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in Analog Devices in the 2nd quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices in the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices in the fourth quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Analog Devices during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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