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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 11th, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00.
• 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 transaction of $2,238,700.00.

Analog Devices Stock Up 1.9 %

ADI traded up $4.02 during trading on Friday, reaching $215.37. 2,547,166 shares of the stock traded hands, compared to its average volume of 2,463,183. The stock's 50-day simple moving average is $217.91 and its two-hundred day simple moving average is $223.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. Analog Devices, Inc. has a fifty-two week low of $181.80 and a fifty-two week high of $244.14. The stock has a market cap of $106.89 billion, a price-to-earnings ratio of 65.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.01 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices's payout ratio is presently 111.85%.

Institutional Investors Weigh In On Analog Devices

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Analog Devices by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,708,427 shares of the semiconductor company's stock valued at $623,399,000 after acquiring an additional 39,186 shares during the last quarter. Swiss National Bank grew its holdings in Analog Devices by 0.3% during the third quarter. Swiss National Bank now owns 1,472,875 shares of the semiconductor company's stock valued at $339,012,000 after purchasing an additional 4,600 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Analog Devices by 47.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 22,870 shares of the semiconductor company's stock valued at $5,264,000 after purchasing an additional 7,386 shares during the period. Summit Global Investments acquired a new stake in shares of Analog Devices in the third quarter worth $867,000. Finally, Versor Investments LP acquired a new stake in shares of Analog Devices in the third quarter worth $952,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on ADI shares. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Wednesday, November 27th. TD Cowen decreased their price target on Analog Devices from $270.00 to $260.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Truist Financial dropped their price objective on Analog Devices from $233.00 to $227.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th. Morgan Stanley cut 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 assumed coverage on Analog Devices in a report on Friday, November 22nd. They set an "equal weight" rating and a $220.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.33.

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.