Analog Devices, Inc. (NASDAQ:ADI) CEO Sells $1,970,600.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vincent Roche also recently made the following trade(s):

• On Monday, April 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00.

Analog Devices Price Performance

NASDAQ ADI opened at $199.63 on Friday. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20. The firm’s fifty day simple moving average is $194.27 and its two-hundred day simple moving average is $188.15. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $99.00 billion, a P/E ratio of 35.71, a P/E/G ratio of 4.93 and a beta of 1.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. Analog Devices’s revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. Analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.84%. Analog Devices’s payout ratio is 65.83%.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Evercore ISI initiated coverage on shares of Analog Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective for the company. Barclays raised their target price on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a report on Thursday, April 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

Institutional Trading of Analog Devices

Several institutional investors and hedge funds have recently bought and sold shares of ADI. Pinnacle Bancorp Inc. lifted its stake in shares of Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. USA Financial Formulas grew its position in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of Analog Devices in the 3rd quarter valued at about $29,000. Cetera Trust Company N.A acquired a new position in Analog Devices in the 4th quarter worth about $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at approximately $29,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.