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Analog Devices (NYSE:ADI) CEO Vincent Roche unloaded 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $49.69, for a total value of $397,520.00. Following the completion of the transaction, the chief executive officer now directly owns 16,723 shares of the company’s stock, valued at approximately $830,966. The transaction was disclosed in a document filed with the SEC, which is available at this link.

A number of research firms have recently commented on ADI. Analysts at B. Riley reiterated a “buy” rating on shares of Analog Devices in a research note on Wednesday, July 30th. They now have a $62.00 price target on the stock, up previously from $58.00. Separately, 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. 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, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.52.

Analog Devices (NYSE:ADI) traded down 0.64% on Monday, hitting $49.69. The stock had a trading volume of 1,851,736 shares. Analog Devices has a one year low of $45.28 and a one year high of $56.18. The stock has a 50-day moving average of $53.43 and a 200-day moving average of $52.0. The company has a market cap of $15.610 billion and a price-to-earnings ratio of 22.15.

Analog Devices (NYSE:ADI) last posted its quarterly earnings results 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. Analysts expect that Analog Devices will post $2.37 EPS 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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