Investors Purchase High Volume of Analog Devices Put Options (ADI)
Analog Devices, Inc. (NASDAQ:ADI) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 17,540 put options on the stock. This is an increase of approximately 831% compared to the average daily volume of 1,885 put options.
Analog Devices (ADI) opened at $85.40 on Friday. Analog Devices has a 52 week low of $68.42 and a 52 week high of $93.99. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. The company has a market cap of $31,480.00, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s revenue was up 53.4% compared to the same quarter last year. equities research analysts predict that Analog Devices will post 5.19 earnings per share for the current fiscal year.
Several brokerages recently commented on ADI. B. Riley reaffirmed a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research report on Sunday, August 27th. Stifel Nicolaus increased their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $96.04.
In related news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $83.52, for a total transaction of $376,257.60. Following the completion of the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,130,109.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray Stata sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the transaction, the director now directly owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold 112,256 shares of company stock valued at $9,687,884 in the last ninety days. 1.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Family Office LLC lifted its position in shares of Analog Devices by 37.9% in the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after buying an additional 2,004 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Analog Devices in the 2nd quarter worth about $1,130,000. ZWJ Investment Counsel Inc. lifted its position in shares of Analog Devices by 56.0% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after buying an additional 2,970 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Analog Devices by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after buying an additional 94,804 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its position in shares of Analog Devices by 34.2% in the 2nd quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock worth $1,127,000 after buying an additional 3,690 shares during the last quarter. Hedge funds and other institutional investors own 87.31% of the company’s stock.
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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