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Analog Devices (NYSE:ADI) VP Margaret K. Seif sold 4,000 shares of Analog Devices stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $55.49, for a total transaction of $221,960.00. Following the sale, the vice president now directly owns 10,368 shares in the company, valued at approximately $575,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on ADI. Analysts at Jefferies Group reiterated a “buy” rating on shares of Analog Devices in a research note on Tuesday, June 10th. They now have a $64.00 price target on the stock, up previously from $60.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Analog Devices in a research note on Tuesday, June 10th. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at Argus raised their price target on shares of Analog Devices from $58.00 to $65.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Analog Devices presently has an average rating of “Hold” and a consensus target price of $56.33.

Shares of Analog Devices (NYSE:ADI) traded up 0.36% on Tuesday, hitting $55.70. The stock had a trading volume of 1,251,852 shares. Analog Devices has a 52-week low of $43.91 and a 52-week high of $56.18. The stock’s 50-day moving average is $52.38 and its 200-day moving average is $51.12. The company has a market cap of $17.498 billion and a P/E ratio of 24.58.

Analog Devices (NYSE:ADI) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $694.54 million for the quarter, compared to the consensus estimate of $670.93 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Analog Devices will post $2.37 earnings per share for the current fiscal year.

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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