Ray Stata Sells 3,125 Shares of Analog Devices (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the sale, the director owned 123,821 shares of the company’s stock, valued at approximately $39,288,403.30. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ray Stata also recently made the following trade(s):

• On Tuesday, January 13th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $297.27, for a total value of $928,968.75.
• On Tuesday, December 16th, Ray Stata sold 3,125 shares of Analog Devices stock. The shares were sold at an average price of $279.39, for a total value of $873,093.75.

Analog Devices Stock Performance

Shares of ADI stock opened at $320.45 on Friday. The firm has a market capitalization of $156.58 billion, a price-to-earnings ratio of 70.27, a PEG ratio of 1.74 and a beta of 1.03. The stock has a fifty day moving average of $290.44 and a 200 day moving average of $257.20. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $327.75. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a $0.99 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Hedge Funds Weigh In On Analog Devices

Several large investors have recently modified their holdings of ADI. 1620 Investment Advisors Inc. boosted its position in shares of Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after acquiring an additional 32 shares in the last quarter. Covestor Ltd raised its position in Analog Devices by 14.1% in the fourth quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 34 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Analog Devices by 9.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 35 shares during the period. Albion Financial Group UT boosted its holdings in Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares in the last quarter. Finally, Washington Trust Bank grew its stake in shares of Analog Devices by 1.4% in the 4th quarter. Washington Trust Bank now owns 2,596 shares of the semiconductor company’s stock valued at $704,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ADI shares. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 target price on shares of Analog Devices in a research report on Tuesday, November 25th. Stifel Nicolaus increased their price objective on Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Truist Financial boosted their target price on shares of Analog Devices from $258.00 to $291.00 and gave the company a “hold” rating in a report on Friday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $312.04.

Analog Devices Company Profile

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.