Analog Devices (NASDAQ:ADI) SVP Martin Cotter Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the transaction, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Martin Cotter also recently made the following trade(s):

• On Wednesday, December 17th, Martin Cotter sold 5,000 shares of Analog Devices stock. The stock was sold at an average price of $271.19, for a total value of $1,355,950.00.

Analog Devices Stock Down 2.3%

Shares of NASDAQ:ADI opened at $293.86 on Tuesday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $303.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The business’s 50-day moving average is $263.85 and its 200-day moving average is $248.44. The company has a market capitalization of $143.89 billion, a price-to-earnings ratio of 64.44, a P/E/G ratio of 1.66 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. Equities research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is presently 86.84%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADI. SeaCrest Wealth Management LLC bought a new stake in Analog Devices during the fourth quarter worth $209,000. National Wealth Management Group LLC lifted its stake in Analog Devices by 184.8% during the 4th quarter. National Wealth Management Group LLC now owns 8,282 shares of the semiconductor company’s stock valued at $2,246,000 after acquiring an additional 5,374 shares in the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in Analog Devices during the 4th quarter worth $202,000. Czech National Bank grew its stake in shares of Analog Devices by 2.9% in the 4th quarter. Czech National Bank now owns 129,722 shares of the semiconductor company’s stock worth $35,181,000 after acquiring an additional 3,685 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in shares of Analog Devices by 10.8% in the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 34,942 shares of the semiconductor company’s stock valued at $9,476,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. JPMorgan Chase & Co. boosted their target price on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price target on Analog Devices in a report on Friday, November 21st. Sanford C. Bernstein restated a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Finally, Cfra reaffirmed a “buy” rating and set a $280.00 target price on shares of Analog Devices in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $287.22.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.