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 Analog Devices stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total value of $2,289,300.00. Following the transaction, the chief executive officer now owns 45,326 shares in the company, valued at approximately $10,376,481.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, September 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00.
• On Thursday, August 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $4.06 during trading on Wednesday, reaching $227.73. 1,857,962 shares of the company traded hands, compared to its average volume of 3,315,704. The company’s 50 day moving average is $222.62 and its two-hundred day moving average is $217.97. The firm has a market capitalization of $113.00 billion, a PE ratio of 53.56, a PEG ratio of 3.75 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. Analog Devices’s revenue was down 24.8% on a year-over-year basis. As a group, sell-side analysts predict that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.62%. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ADI shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research report on Tuesday, July 16th. Oppenheimer reaffirmed an “outperform” rating and set a $245.00 price target on shares of Analog Devices in a research report on Thursday, August 22nd. Truist Financial lowered Analog Devices from a “buy” rating to a “hold” rating and lowered their price target for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Barclays boosted their target price on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $249.80.

Hedge Funds Weigh In On Analog Devices

A number of institutional investors have recently modified their holdings of the business. Point72 Italy S.r.l. acquired a new position in Analog Devices in the 4th quarter worth about $6,367,000. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $850,000. Capital International Investors increased its stake in shares of Analog Devices by 5.8% in the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock valued at $895,702,000 after buying an additional 246,799 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in shares of Analog Devices by 1,055.6% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 228,275 shares of the semiconductor company’s stock valued at $45,326,000 after buying an additional 208,522 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of Analog Devices by 16.2% in the fourth quarter. Profund Advisors LLC now owns 72,344 shares of the semiconductor company’s stock valued at $14,365,000 after buying an additional 10,106 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

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.