Insider Selling: Analog Devices, Inc. (NASDAQ:ADI) CEO Sells $2,267,000.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,570,541.30. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, May 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00.

Analog Devices Price Performance

Analog Devices stock opened at $230.02 on Friday. The stock has a market capitalization of $114.14 billion, a P/E ratio of 53.74, a P/E/G ratio of 3.85 and a beta of 1.08. The company’s fifty day moving average price is $222.34 and its 200 day moving average price is $203.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $241.88.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. The company’s revenue for the quarter was down 33.8% on a year-over-year basis. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s dividend payout ratio is presently 85.98%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Sanford C. Bernstein lifted their price target on Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Bank of America increased their price target on shares of Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. The Goldman Sachs Group raised their price target on shares of Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Stifel Nicolaus increased their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Finally, Evercore ISI started coverage on shares of Analog Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 target price for the company. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.23.

Institutional Trading of Analog Devices

Large investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its holdings in shares of Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. USA Financial Formulas boosted its position in Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in Analog Devices during the 3rd quarter valued at about $29,000. Cetera Trust Company N.A acquired a new stake in Analog Devices in the 4th quarter valued at about $29,000. Finally, Private Wealth Management Group LLC purchased a new position in Analog Devices in the 4th quarter worth approximately $29,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

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.