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

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $110.05, for a total value of $1,100,500.00. Following the completion of the sale, the chief executive officer now directly owns 31,206 shares of the company’s stock, valued at $3,434,220.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 $108.96, for a total value of $1,089,600.00.
  • On Tuesday, October 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $111.22, for a total value of $1,112,200.00.

Shares of ADI traded down $1.01 during mid-day trading on Tuesday, reaching $110.25. The company’s stock had a trading volume of 2,139,549 shares, compared to its average volume of 2,543,350. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.91. Analog Devices, Inc. has a 12-month low of $80.08 and a 12-month high of $124.79. The stock has a market cap of $41.60 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.23 and a beta of 1.41. The company’s 50 day moving average is $110.90 and its 200 day moving average is $110.29.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03). Analog Devices had a net margin of 22.75% and a return on equity of 16.39%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 4.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, December 5th. Analog Devices’s payout ratio is currently 41.94%.

Several equities analysts have weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $133.00 target price on shares of Analog Devices in a research report on Wednesday, November 27th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. Loop Capital raised their price objective on shares of Analog Devices from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday. They noted that the move was a valuation call. Raymond James raised shares of Analog Devices to an “outperform” rating and raised their price objective for the company from $120.00 to $130.00 in a research note on Wednesday, November 27th. Finally, Barclays upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $105.00 to $130.00 in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $118.00.

Several hedge funds and other institutional investors have recently made changes to their positions in ADI. Price T Rowe Associates Inc. MD lifted its position in Analog Devices by 164.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,636,929 shares of the semiconductor company’s stock worth $636,240,000 after acquiring an additional 3,502,958 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Analog Devices by 1,516.0% in the second quarter. Nuveen Asset Management LLC now owns 2,017,417 shares of the semiconductor company’s stock valued at $227,706,000 after purchasing an additional 1,892,575 shares during the period. Prudential Financial Inc. increased its holdings in shares of Analog Devices by 100.1% in the second quarter. Prudential Financial Inc. now owns 1,574,254 shares of the semiconductor company’s stock valued at $177,686,000 after purchasing an additional 787,349 shares during the period. Voya Investment Management LLC raised its stake in shares of Analog Devices by 438.9% during the third quarter. Voya Investment Management LLC now owns 751,494 shares of the semiconductor company’s stock worth $83,965,000 after purchasing an additional 612,036 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Analog Devices by 1.6% during the second quarter. Vanguard Group Inc. now owns 31,611,473 shares of the semiconductor company’s stock worth $3,567,986,000 after purchasing an additional 506,468 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

About Analog Devices

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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Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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