Analog Devices VP Margaret K. Seif Sells 4,000 Shares (ADI)
Analog Devices (NYSE:ADI) VP Margaret K. Seif sold 4,000 shares of the stock on the open market in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $49.75, for a total value of $199,000.00. Following the sale, the vice president now directly owns 10,368 shares of the company’s stock, valued at approximately $515,808. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Analog Devices (NYSE:ADI) traded up 0.06% during mid-day trading on Friday, hitting $49.85. 1,458,640 shares of the company’s stock traded hands. Analog Devices has a 1-year low of $41.81 and a 1-year high of $51.20. The stock has a 50-day moving average of $49.4 and a 200-day moving average of $48.37. The company has a market cap of $15.506 billion and a price-to-earnings ratio of 23.28.
Analog Devices (NYSE:ADI) last announced its earnings results on Tuesday, November 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $678.00 million for the quarter, compared to the consensus estimate of $688.50 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that Analog Devices will post $2.24 EPS for the current fiscal year.
A number of research firms have recently commented on ADI. Analysts at Drexel Hamilton upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $60.00 price target on the stock, up previously from $48.00. Separately, analysts at Zacks downgraded shares of Analog Devices from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 10th. They now have a $45.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Analog Devices from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, January 2nd. They now have a $41.00 price target on the stock, down previously from $43.00. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Analog Devices has a consensus rating of “Hold” and an average price target of $49.88.
Analog Devices, Inc (NYSE:ADI) is engaged in the design, manufacture and marketing of a range of analog, mixed-signal and digital signal processing integrated circuits (ICs).
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