Insider Selling: Analog Devices, Inc. (ADI) SVP Sells 7,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $88.50, for a total value of $619,500.00. Following the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,805,754. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analog Devices, Inc. (NASDAQ ADI) traded up $3.14 during midday trading on Tuesday, hitting $88.54. The company’s stock had a trading volume of 5,330,000 shares, compared to its average volume of 2,990,000. The company has a market capitalization of $32,640.00, a PE ratio of 44.72, a P/E/G ratio of 1.65 and a beta of 1.27. Analog Devices, Inc. has a 52 week low of $74.65 and a 52 week high of $98.38. 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 posted its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. sell-side analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of The West increased its holdings in shares of Analog Devices by 2.3% in the fourth quarter. Bank of The West now owns 28,641 shares of the semiconductor company’s stock valued at $2,550,000 after buying an additional 653 shares in the last quarter. Blue Sky Asset Management LLC acquired a new stake in Analog Devices during the 4th quarter valued at $665,000. Crossmark Global Holdings Inc. raised its stake in Analog Devices by 1.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 124,962 shares of the semiconductor company’s stock valued at $11,125,000 after purchasing an additional 1,764 shares during the period. WASHINGTON TRUST Co raised its stake in Analog Devices by 3.2% during the 4th quarter. WASHINGTON TRUST Co now owns 122,667 shares of the semiconductor company’s stock valued at $10,922,000 after purchasing an additional 3,791 shares during the period. Finally, Emerald Advisers Inc. PA raised its stake in Analog Devices by 38.7% during the 4th quarter. Emerald Advisers Inc. PA now owns 19,104 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 5,330 shares during the period. 86.20% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on ADI shares. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Tuesday, October 10th. B. Riley reissued a “buy” rating and set a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Oppenheimer reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Friday, November 17th. Stifel Nicolaus boosted their target price on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, SunTrust Banks reissued a “buy” rating and set a $106.00 target price on shares of Analog Devices in a report on Thursday, October 12th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $97.21.

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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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