1 week Ago By ABMN Staff
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 transaction of $2,154,900.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,737,116.
67. This represents a 31.27 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which can be accessed through this link . Vincent Roche also recently made the following trade(s): Analog Devices Stock Performance Shares of NASDAQ:ADI opened at $215.37 on Friday.
The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.
19. The company has a market capitalization of $106.89 billion, a price-to-earnings ratio of 65.
46, a PEG ratio of 2.47 and a beta of 1.05.
Analog Devices, Inc. has a 12 month low of $181.80 and a 12 month high of $244.
14. The firm’s 50-day moving average is $217.91 and its 200 day moving average is $223.
59. Analog Devices Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a dividend of $0.
92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.
71%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is currently 111.
85%. Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in ADI. Raymond James & Associates grew its stake in Analog Devices by 153.
6% in the 3rd quarter. Raymond James & Associates now owns 2,348,104 shares of the semiconductor company’s stock worth $540,463,000 after acquiring an additional 1,422,054 shares in the last quarter. Franklin Resources Inc.
grew its stake in Analog Devices by 14.9% in the third quarter. Franklin Resources Inc.
now owns 9,176,877 shares of the semiconductor company’s stock worth $2,169,689,000 after purchasing an additional 1,189,940 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Analog Devices by 23,792.4% during the 3rd quarter.
International Assets Investment Management LLC now owns 887,603 shares of the semiconductor company’s stock worth $2,043,000,000 after purchasing an additional 883,888 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Analog Devices by 807.5% during the 3rd quarter.
Healthcare of Ontario Pension Plan Trust Fund now owns 959,686 shares of the semiconductor company’s stock valued at $220,891,000 after purchasing an additional 853,931 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Analog Devices by 336.4% in the 3rd quarter.
Holocene Advisors LP now owns 1,068,572 shares of the semiconductor company’s stock worth $245,953,000 after buying an additional 823,709 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on ADI shares. Truist Financial cut their price target on Analog Devices from $233.00 to $227.
00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. TD Cowen decreased their target price on Analog Devices from $270.00 to $260.
00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company assumed coverage on Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.
00 price target for the company. Morgan Stanley reduced their price objective on shares of Analog Devices from $252.00 to $248.
00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Piper Sandler dropped their target price on shares of Analog Devices from $235.00 to $220.
00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $249.
33. Check Out Our Latest Stock Analysis on Analog Devices Analog Devices Company Profile ( Get Free Report ) 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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