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 Analog Devices stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,640,975.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Analog Devices Price Performance

ADI stock traded down $7.40 during trading on Monday, hitting $200.56. The stock had a trading volume of 4,879,151 shares, compared to its average volume of 3,353,404. The company’s 50 day moving average price is $231.39 and its two-hundred day moving average price is $209.24. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14. The stock has a market cap of $99.52 billion, a price-to-earnings ratio of 47.49, a price-to-earnings-growth ratio of 3.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58.

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

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Institutional Trading of Analog Devices

Several large investors have recently bought and sold shares of the company. Arizona State Retirement System grew its position in Analog Devices by 1.0% in the second quarter. Arizona State Retirement System now owns 143,766 shares of the semiconductor company’s stock valued at $32,816,000 after acquiring an additional 1,355 shares in the last quarter. Victory Capital Management Inc. grew its position in Analog Devices by 2.3% in the second quarter. Victory Capital Management Inc. now owns 607,348 shares of the semiconductor company’s stock valued at $138,633,000 after acquiring an additional 13,898 shares in the last quarter. First Pacific Advisors LP grew its position in Analog Devices by 0.5% in the second quarter. First Pacific Advisors LP now owns 2,150,042 shares of the semiconductor company’s stock valued at $490,769,000 after acquiring an additional 9,922 shares in the last quarter. First Business Financial Services Inc. grew its position in Analog Devices by 2.4% in the second quarter. First Business Financial Services Inc. now owns 13,272 shares of the semiconductor company’s stock valued at $3,029,000 after acquiring an additional 312 shares in the last quarter. Finally, SouthState Corp grew its position in Analog Devices by 28.6% in the second quarter. SouthState Corp now owns 225 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Evercore ISI began coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 target price for the company. Truist Financial raised their price objective on shares of Analog Devices from $222.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Barclays boosted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Finally, Bank of America boosted their target price on shares of Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $245.50.

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.