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%.

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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.

Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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