Insider Selling: Analog Devices, Inc. (ADI) Director Sells 15,000 Shares of Stock
Analog Devices, Inc. (NASDAQ:ADI) Director Kenton J. Sicchitano sold 15,000 shares of Analog Devices stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $88.15, for a total transaction of $1,322,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Analog Devices, Inc. (NASDAQ:ADI) traded down 0.02% on Friday, hitting $87.87. 1,081,362 shares of the stock were exchanged. The company has a 50-day moving average of $82.69 and a 200 day moving average of $80.38. The firm has a market cap of $32.31 billion, a P/E ratio of 43.74 and a beta of 1.30. Analog Devices, Inc. has a 12 month low of $59.54 and a 12 month high of $90.49.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 64.9% on a year-over-year basis. Equities research analysts expect that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.05%. Analog Devices’s payout ratio is presently 86.12%.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/06/insider-selling-analog-devices-inc-adi-director-sells-15000-shares-of-stock.html.
Several equities analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $98.00 target price on shares of Analog Devices in a research report on Wednesday, September 20th. Stifel Nicolaus reissued a “buy” rating and set a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. B. Riley reissued a “buy” rating and set a $110.00 target price on shares of Analog Devices in a research report on Saturday, September 2nd. Finally, Drexel Hamilton reissued a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $92.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MARSHALL WACE ASIA Ltd bought a new position in Analog Devices in the first quarter worth approximately $63,309,000. Boston Family Office LLC increased its stake in shares of Analog Devices by 37.9% in the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 2,004 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of Analog Devices by 1.2% in the second quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock worth $1,648,000 after purchasing an additional 253 shares in the last quarter. KCG Holdings Inc. increased its stake in shares of Analog Devices by 455.1% in the first quarter. KCG Holdings Inc. now owns 24,624 shares of the semiconductor company’s stock worth $2,018,000 after purchasing an additional 20,188 shares in the last quarter. Finally, Aviance Capital Management LLC purchased a new stake in shares of Analog Devices in the first quarter worth $226,000. Institutional investors and hedge funds own 86.67% 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.
Receive News & Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.