Kenton J. Sicchitano Sells 7,500 Shares of Analog Devices, Inc. (ADI) Stock
Analog Devices, Inc. (NASDAQ:ADI) Director Kenton J. Sicchitano sold 7,500 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $91.45, for a total transaction of $685,875.00. Following the sale, the director now owns 25,285 shares of the company’s stock, valued at approximately $2,312,313.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Analog Devices, Inc. (NASDAQ ADI) traded up $1.08 during trading hours on Tuesday, reaching $93.10. 3,373,475 shares of the company’s stock were exchanged, compared to its average volume of 2,369,650. Analog Devices, Inc. has a 12-month low of $71.85 and a 12-month 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 $34,320.00, a price-to-earnings ratio of 47.02, a P/E/G ratio of 1.70 and a beta of 1.29.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue was up 53.4% on a year-over-year basis. analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of ADI. Neuberger Berman Group LLC boosted its stake in shares of Analog Devices by 97.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after purchasing an additional 2,123,268 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Analog Devices by 576.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after purchasing an additional 1,521,316 shares during the last quarter. Prudential PLC boosted its stake in shares of Analog Devices by 23,301.9% in the 2nd quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after purchasing an additional 1,298,616 shares during the last quarter. FMR LLC boosted its stake in shares of Analog Devices by 14.6% in the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock valued at $691,608,000 after purchasing an additional 1,132,549 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Analog Devices by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock valued at $2,260,331,000 after purchasing an additional 847,762 shares during the last quarter. 87.08% of the stock is currently owned by 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.
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