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 firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,570,541.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00.

Analog Devices Stock Performance

ADI opened at $228.24 on Wednesday. The firm has a 50 day moving average of $220.91 and a two-hundred day moving average of $202.90. The firm has a market capitalization of $113.26 billion, a PE ratio of 53.33, a P/E/G ratio of 3.85 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $241.88.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company posted $2.83 earnings per share. The firm’s revenue was down 33.8% compared to the same quarter last year. On average, analysts anticipate that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analyst Upgrades and Downgrades

ADI has been the subject of several research reports. Cantor Fitzgerald upped their target price on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Barclays upped their price objective on shares of Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. The Goldman Sachs Group raised their target price on shares of Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, May 23rd. Finally, Citigroup lifted their price objective on shares of Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ADI. Amarillo National Bank grew its position in shares of Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 54 shares during the period. Mcdonald Partners LLC raised its stake in shares of Analog Devices by 0.7% during the 1st quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock worth $1,497,000 after buying an additional 54 shares during the period. Keystone Financial Services lifted its position in shares of Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 55 shares in the last quarter. Legacy Advisors LLC grew its stake in Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 59 shares during the period. Finally, Signaturefd LLC increased its holdings in Analog Devices by 0.5% in the 1st quarter. Signaturefd LLC now owns 11,003 shares of the semiconductor company’s stock worth $2,176,000 after acquiring an additional 59 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

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.