John C. Hodgson Sells 5,000 Shares of Analog Devices Inc. (ADI) Stock
Analog Devices Inc. (NASDAQ:ADI) Director John C. Hodgson sold 5,000 shares of Analog Devices stock in a transaction on Monday, November 28th. The shares were sold at an average price of $73.95, for a total transaction of $369,750.00. Following the completion of the transaction, the director now owns 15,985 shares in the company, valued at approximately $1,182,090.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Analog Devices Inc. (NASDAQ:ADI) opened at 74.24 on Thursday. The company has a market capitalization of $22.88 billion, a P/E ratio of 26.90 and a beta of 1.18. The company has a 50 day moving average of $65.32 and a 200-day moving average of $61.66. Analog Devices Inc. has a 12-month low of $47.24 and a 12-month high of $74.87.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Analog Devices had a net margin of 25.18% and a return on equity of 19.31%. The company earned $1 million during the quarter, compared to analysts’ expectations of $941.92 million. During the same quarter in the prior year, the company posted $1.03 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Analog Devices Inc. will post $3.40 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Friday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, November 30th. Analog Devices’s dividend payout ratio is 60.87%.
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A number of brokerages have weighed in on ADI. B. Riley reiterated a “buy” rating and issued a $74.00 price target on shares of Analog Devices in a report on Saturday, August 20th. KeyCorp lifted their price target on shares of Analog Devices from $77.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 23rd. Robert W. Baird lifted their price target on shares of Analog Devices from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, November 23rd. MKM Partners lifted their target price on shares of Analog Devices from $67.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. Finally, Zacks Investment Research lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.97.
Institutional investors have recently made changes to their positions in the stock. Hall Laurie J Trustee boosted its stake in shares of Analog Devices by 26.0% in the second quarter. Hall Laurie J Trustee now owns 15,275 shares of the company’s stock worth $890,000 after buying an additional 3,150 shares during the period. Creative Planning boosted its stake in shares of Analog Devices by 31.6% in the second quarter. Creative Planning now owns 6,953 shares of the company’s stock worth $394,000 after buying an additional 1,668 shares during the period. Bank of Stockton boosted its stake in shares of Analog Devices by 1.4% in the second quarter. Bank of Stockton now owns 16,714 shares of the company’s stock worth $947,000 after buying an additional 225 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Analog Devices by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 263,035 shares of the company’s stock worth $14,899,000 after buying an additional 968 shares during the period. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Analog Devices by 5.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 79,558 shares of the company’s stock worth $4,506,000 after buying an additional 4,076 shares during the period. Institutional investors own 87.96% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.
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