Insider Selling: Analog Devices, Inc. (NASDAQ:ADI) CEO Sells 10,000 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CEO Vincent Roche sold 10,000 shares of the 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 sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,744,590.89. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

Analog Devices Stock Performance

NASDAQ:ADI traded up $0.60 during mid-day trading on Thursday, hitting $217.72. 2,992,493 shares of the company's stock traded hands, compared to its average volume of 3,225,634. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $181.80 and a 12 month high of $244.14. The firm has a 50 day moving average of $222.57 and a two-hundred day moving average of $225.70. The firm has a market capitalization of $108.05 billion, a price-to-earnings ratio of 65.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices's revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.01 earnings per share. On average, equities analysts forecast that Analog Devices, Inc. will post 7.15 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.92 per share. The ex-dividend date is Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.69%. Analog Devices's payout ratio is presently 111.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Analog Devices from $235.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. TD Cowen cut their price objective on Analog Devices from $270.00 to $260.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Cantor Fitzgerald restated a "neutral" rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Bank of America cut their target price on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.33.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently made changes to their positions in ADI. Oddo BHF Asset Management Sas bought a new position in shares of Analog Devices in the third quarter valued at about $20,194,000. Franklin Resources Inc. raised its position in shares of Analog Devices by 14.9% during the third quarter. Franklin Resources Inc. now owns 9,176,877 shares of the semiconductor company's stock worth $2,169,689,000 after acquiring an additional 1,189,940 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Analog Devices by 9.9% during the third quarter. Tidal Investments LLC now owns 24,314 shares of the semiconductor company's stock valued at $5,596,000 after acquiring an additional 2,188 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Analog Devices by 13.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 113,055 shares of the semiconductor company's stock valued at $26,022,000 after acquiring an additional 13,788 shares during the last quarter. Finally, Sfmg LLC increased its position in Analog Devices by 64.9% in the third quarter. Sfmg LLC now owns 2,252 shares of the semiconductor company's stock worth $518,000 after purchasing an additional 886 shares during the period. Institutional investors 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.

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