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Analog Devices (NYSE:ADI) CFO David Zinsner sold 5,140 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $49.62, for a total transaction of $255,046.80. Following the sale, the chief financial officer now directly owns 29,504 shares in the company, valued at approximately $1,463,988. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ADI has been the subject of a number of recent research reports. 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 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 Sterne Agee initiated coverage on shares of Analog Devices in a research note on Friday, June 27th. They set a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.54.

Shares of Analog Devices (NYSE:ADI) traded up 0.49% during mid-day trading on Tuesday, hitting $50.175. The stock had a trading volume of 1,192,671 shares. Analog Devices has a one year low of $45.28 and a one year high of $56.18. The stock’s 50-day moving average is $52.34 and its 200-day moving average is $52.0. The company has a market cap of $15.762 billion and a P/E ratio of 22.11.

Analog Devices (NYSE:ADI) last released its earnings data 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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