Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 100,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analog Devices, Inc. (ADI) traded up $0.04 during trading on Tuesday, hitting $84.83. The stock had a trading volume of 2,340,774 shares, compared to its average volume of 2,979,506. Analog Devices, Inc. has a 52-week low of $70.26 and a 52-week high of $93.99. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $31,481.50, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.58 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 53.4% on a year-over-year basis. research analysts forecast that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s payout ratio is currently 86.96%.

Several equities analysts have weighed in on the company. Drexel Hamilton reissued a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a report on Tuesday, November 21st. Oppenheimer reissued a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Friday, November 17th. Morgan Stanley reissued an “overweight” rating and set a $103.00 price objective (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. B. Riley increased their price objective on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, Jefferies Group increased their price objective on Analog Devices to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Analog Devices presently has an average rating of “Buy” and a consensus target price of $96.04.

Several institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in Analog Devices during the second quarter valued at $119,000. WFG Advisors LP boosted its stake in Analog Devices by 26.4% during the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares during the period. Fieldpoint Private Securities LLC boosted its stake in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 705 shares during the period. Clear Perspective Advisors LLC boosted its stake in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 600 shares during the period. 87.08% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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