Analog Devices (ADI) Shares Gap Down to $104.23

Analog Devices, Inc. (NASDAQ:ADI)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $101.32, but opened at $104.23. Analog Devices shares last traded at $106.66, with a volume of 110560 shares traded.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. SunTrust Banks lifted their price objective on shares of Analog Devices to $126.00 and gave the stock an “average” rating in a research report on Thursday, February 21st. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Wednesday, February 20th. Piper Jaffray Companies reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a research report on Friday, February 1st. Finally, ValuEngine raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $105.67.

The stock has a market cap of $39.32 billion, a PE ratio of 18.16, a PEG ratio of 1.54 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34.



Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.05. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. Analog Devices’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 earnings per share. On average, equities analysts anticipate that Analog Devices, Inc. will post 5.47 earnings per share for the current fiscal year.

In other news, CEO Vincent Roche sold 15,505 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $107.20, for a total value of $1,662,136.00. Following the completion of the sale, the chief executive officer now owns 17,376 shares of the company’s stock, valued at $1,862,707.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 10,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $107.54, for a total transaction of $1,075,400.00. Following the completion of the sale, the director now directly owns 151,936 shares of the company’s stock, valued at approximately $16,339,197.44. The disclosure for this sale can be found here. In the last three months, insiders sold 112,120 shares of company stock valued at $12,114,745. 0.50% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of Analog Devices by 52.5% during the 3rd quarter. Renaissance Technologies LLC now owns 46,196 shares of the semiconductor company’s stock valued at $4,271,000 after acquiring an additional 15,900 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Analog Devices by 18.3% during the 3rd quarter. Legal & General Group Plc now owns 1,889,741 shares of the semiconductor company’s stock valued at $174,661,000 after acquiring an additional 291,836 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Analog Devices by 826.3% during the 3rd quarter. Federated Investors Inc. PA now owns 385,742 shares of the semiconductor company’s stock valued at $35,665,000 after acquiring an additional 344,100 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Analog Devices by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 31,687,292 shares of the semiconductor company’s stock valued at $2,929,807,000 after acquiring an additional 496,719 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Analog Devices by 7.8% during the 4th quarter. Sit Investment Associates Inc. now owns 2,750 shares of the semiconductor company’s stock worth $236,000 after buying an additional 200 shares during the period. 91.21% of the stock is owned by institutional investors.

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Analog Devices Company Profile (NASDAQ:ADI)

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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