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.

ADI has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, October 19th. Oppenheimer reiterated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of 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. Stifel Nicolaus reiterated a “buy” rating and set a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Twelve research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Analog Devices has a consensus rating of “Buy” and an average target price of $97.21.

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.

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

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