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

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,744,590.89. The trade was a 31.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $223.87, for a total value of $2,238,700.00.
• On Tuesday, October 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $228.93, for a total transaction of $2,289,300.00.

Analog Devices Price Performance

NASDAQ:ADI opened at $216.61 on Friday. Analog Devices, Inc. has a 52-week low of $181.80 and a 52-week high of $244.14. The company has a market cap of $107.50 billion, a P/E ratio of 65.84, a P/E/G ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. The stock’s 50-day simple moving average is $222.16 and its 200 day simple moving average is $225.53.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler cut their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a report on Tuesday, October 8th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Morgan Stanley dropped their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Finally, Wells Fargo & Company began coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 target price on the stock. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.33.

Institutional Trading of Analog Devices

Hedge funds have recently modified their holdings of the stock. ORG Partners LLC increased its position in Analog Devices by 675.0% during the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock worth $35,000 after buying an additional 135 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Analog Devices by 3.7% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,197 shares of the semiconductor company’s stock valued at $502,000 after acquiring an additional 78 shares in the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 43 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Analog Devices by 0.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 183,490 shares of the semiconductor company’s stock worth $44,649,000 after acquiring an additional 651 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in Analog Devices in the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

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.