Insider Selling: Margaret K. Seif Unloads 2,616 Shares of Analog Devices Stock (ADI)
Analog Devices (NYSE:ADI) VP Margaret K. Seif unloaded 2,616 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.77, for a total value of $140,662.32. Following the completion of the transaction, the vice president now directly owns 10,368 shares of the company’s stock, valued at approximately $557,487. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Analog Devices (NYSE:ADI) traded down 0.11% on Wednesday, hitting $53.67. The stock had a trading volume of 1,787,444 shares. Analog Devices has a 52 week low of $45.28 and a 52 week high of $56.18. The stock has a 50-day moving average of $54.10 and a 200-day moving average of $51.86. The company has a market cap of $16.860 billion and a price-to-earnings ratio of 23.80.
Analog Devices (NYSE:ADI) last released its earnings data on Tuesday, May 20th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Analog Devices will post $2.36 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Analog Devices in a research note on Friday, July 11th. They now have a $57.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating and a $66.00 price target on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating and a $66.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $57.33.
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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