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 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.
TRADEMARK VIOLATION NOTICE: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/06/insider-selling-analog-devices-inc-adi-svp-sells-7000-shares-of-stock-2.html.
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.
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.