Analog Devices, Inc. (NASDAQ:ADI) SVP Joseph Hassett sold 18,400 shares of Analog Devices stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $85.06, for a total value of $1,565,104.00. Following the sale, the senior vice president now owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded up $0.26 during mid-day trading on Friday, reaching $85.44. The company had a trading volume of 2,287,900 shares, compared to its average volume of 2,972,042. The stock has a market capitalization of $31,400.40, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. Analog Devices, Inc. has a 12 month low of $71.00 and a 12 month high of $93.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities research analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is 86.96%.

A number of research firms recently weighed in on ADI. Royal Bank of Canada boosted their target price on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Tuesday, October 10th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton restated a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. Finally, B. Riley reaffirmed a “buy” rating and issued a $113.00 price target (up from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $96.24.

Several large investors have recently made changes to their positions in ADI. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Analog Devices in the second quarter worth about $119,000. WFG Advisors LP increased its position in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after buying an additional 330 shares in the last quarter. Fieldpoint Private Securities LLC increased its position in Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares in the last quarter. Clear Perspective Advisors LLC increased its position in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares in the last quarter. Finally, NEXT Financial Group Inc increased its position in Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares in the last quarter. 87.20% of the stock is currently 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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