Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at $11,672,108.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00.
• On Monday, July 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $226.70, for a total value of $2,267,000.00.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $219.06 on Friday. The firm has a market cap of $108.70 billion, a P/E ratio of 51.18, a price-to-earnings-growth ratio of 3.91 and a beta of 1.07. The business’s 50 day moving average is $225.68 and its 200-day moving average is $213.63. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 EPS. Equities research analysts predict that Analog Devices, Inc. will post 6.33 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, September 3rd. Analog Devices’s dividend payout ratio is currently 85.98%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ADI shares. Robert W. Baird raised their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Stifel Nicolaus upped their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, May 20th. Sanford C. Bernstein upped their price target on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Bank of America dropped their price objective on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Barclays upped their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.45.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ADI. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Analog Devices by 4.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock valued at $98,531,000 after purchasing an additional 21,522 shares in the last quarter. Point72 Italy S.r.l. bought a new position in Analog Devices in the 4th quarter valued at about $6,367,000. Grayhawk Investment Strategies Inc. acquired a new position in shares of Analog Devices in the 4th quarter valued at approximately $850,000. Capital International Investors lifted its holdings in shares of Analog Devices by 5.8% during the 4th quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock worth $895,702,000 after acquiring an additional 246,799 shares during the period. Finally, Bradley Foster & Sargent Inc. CT boosted its position in shares of Analog Devices by 1,055.6% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 228,275 shares of the semiconductor company’s stock worth $45,326,000 after acquiring an additional 208,522 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

About Analog Devices

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.