Insider Selling: Analog Devices, Inc. (ADI) Director Sells 5,000 Shares of Stock
Analog Devices, Inc. (NASDAQ:ADI) Director James Champy sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total transaction of $435,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
James Champy also recently made the following trade(s):
- On Friday, September 1st, James Champy sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00.
Shares of Analog Devices, Inc. (ADI) traded up 1.02% on Thursday, reaching $87.89. 2,683,537 shares of the company’s stock traded hands. The firm has a market capitalization of $32.31 billion, a P/E ratio of 43.75 and a beta of 1.30. The firm’s 50 day moving average is $82.47 and its 200 day moving average is $80.33. Analog Devices, Inc. has a 52 week low of $59.54 and a 52 week high of $90.49.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 64.9% on a year-over-year basis. Analysts expect that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio is presently 86.12%.
Several institutional investors have recently made changes to their positions in ADI. Waldron LP grew its position in shares of Analog Devices by 40.9% during the first quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after buying an additional 1,210 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Analog Devices during the first quarter worth about $544,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Analog Devices by 1,250.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,890 shares of the semiconductor company’s stock worth $155,000 after buying an additional 1,750 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Analog Devices by 10.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,443 shares of the semiconductor company’s stock worth $6,346,000 after buying an additional 7,154 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Analog Devices by 1,377.6% during the first quarter. Private Advisor Group LLC now owns 53,269 shares of the semiconductor company’s stock worth $2,353,000 after buying an additional 49,664 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.
ADI has been the topic of several recent analyst reports. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Drexel Hamilton reissued a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research note on Wednesday, August 30th. Jefferies Group LLC reissued a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. Citigroup Inc. reissued a “neutral” rating and issued a $88.00 target price (down previously from $91.00) on shares of Analog Devices in a research note on Friday, September 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $100.00 target price (up previously from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Analog Devices has an average rating of “Buy” and a consensus target price of $92.12.
About Analog Devices
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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