Analog Devices, Inc. (NASDAQ:ADI) SVP Yusuf Jamal sold 718 shares of Analog Devices stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total value of $65,259.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Analog Devices, Inc. (ADI) traded down $0.10 during trading hours on Thursday, hitting $91.30. The stock had a trading volume of 1,879,594 shares, compared to its average volume of 3,030,000. Analog Devices, Inc. has a 12-month low of $71.00 and a 12-month high of $93.99. The company has a market cap of $33,660.00, a price-to-earnings ratio of 46.11, a P/E/G ratio of 1.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the 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 quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was up 53.4% compared to the same quarter last year. analysts forecast that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. Jefferies Group reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. SunTrust Banks reiterated a “buy” rating and set a $106.00 price objective on shares of Analog Devices in a research note on Thursday, October 12th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Tuesday, October 10th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Analog Devices in a report on Monday, September 25th. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and an average price target of $96.52.
Institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Analog Devices in the 2nd quarter worth $119,000. WFG Advisors LP raised its holdings in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 330 shares during the period. Fieldpoint Private Securities LLC raised its holdings in Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC raised its holdings 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 acquiring an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc raised its holdings 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 acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 86.98% of the company’s stock.
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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.
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