Analog Devices, Inc. (NASDAQ:ADI) SVP Sells $241,050.00 in Stock
Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $80.35, for a total transaction of $241,050.00. Following the completion of the sale, the senior vice president now owns 20,404 shares in the company, valued at $1,639,461.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded down 2.34% during trading on Friday, reaching $78.96. The company had a trading volume of 3,122,267 shares. The firm has a 50-day moving average price of $79.87 and a 200-day moving average price of $79.05. Analog Devices, Inc. has a 52-week low of $59.01 and a 52-week high of $90.49. The company has a market capitalization of $28.98 billion, a P/E ratio of 30.24 and a beta of 1.30.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned $0.64 EPS. Analog Devices’s quarterly revenue was up 41.2% on a year-over-year basis. On average, analysts predict that Analog Devices, Inc. will post $4.37 EPS for the current fiscal year.
Several brokerages recently issued reports on ADI. Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. B. Riley restated a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a report on Tuesday, June 27th. Raymond James Financial, Inc. began coverage on shares of Analog Devices in a report on Friday, June 16th. They issued a “market perform” rating on the stock. UBS AG restated a “neutral” rating and issued a $94.00 price objective (up from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $100.00 price objective on shares of Analog Devices in a report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and an average price target of $88.86.
A number of large investors have recently modified their holdings of ADI. Lazard Asset Management LLC purchased a new position in shares of Analog Devices during the first quarter valued at approximately $100,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Analog Devices by 51.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 475 shares during the last quarter. Jacobus Wealth Management Inc. purchased a new position in shares of Analog Devices during the first quarter valued at approximately $113,000. Heritage Trust Co purchased a new position in shares of Analog Devices during the first quarter valued at approximately $114,000. Finally, Guardian Life Insurance Co. of America raised its position in shares of Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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