James Champy sells 4,200 shares of Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) Director James Champy sold 4,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $233.55 for a total value of $980,910.00. Following the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,487,947.05. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink.

James Champy also recently made the following transactions:

• On Thursday, March 21, James Champy sold 1,228 shares of Analog Devices stock. The shares were sold at an average price of $197.64 for a total value of $242,701.92.

Analog equipment inventory performance

ADI shares opened on Friday at $230.00. The company’s fifty day simple moving average is $203.72 and its two hundred day simple moving average is $195.21. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt to equity ratio of 0.19. Analog Devices, Inc. it has a 12 month low of $154.99 and a 12 month high of $241.88. The company has a market capitalization of $114.13 billion, a price-to-earnings ratio of 53.74, a P/E/G ratio of 3.98 and a beta of 1.14.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, $0.14 above the consensus estimate of $1.26. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s revenue for the quarter was $2.16 billion, compared to the consensus estimate of $2.11 billion. During the same period last year, the company saw EPS of $2.83. The company’s revenues decreased by 33.8% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will see earnings per share of 6.18 for the current financial year.

Analog Devices announces dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17. Shareholders who hit record highs on Tuesday, June 4 will receive a dividend of $0.92. The ex-dividend date of this dividend is Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a dividend yield of 1.60%. Analog Devices’ dividend payout ratio (DPR) is currently 85.98%.

Analyst Upgrades and Downgrades

Many research analysts have commented on ADI stock. Morgan Stanley increased their price target on Analog Devices from $221.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. KeyCorp raised their target price on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23. Sanford C. Bernstein raised their target price 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. Robert W. Baird increased their price target on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, Citigroup upped their price target on Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Seven analysts rated the company’s stock with a hold rating and eighteen analysts gave it a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.23.

Read our latest analog stock report

Hedge funds weigh on analog devices

A number of institutional investors and hedge funds have recently modified their holdings in the company. Amarillo National Bank increased its holdings in shares of Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after purchasing an additional 54 shares in the last quarter. Mcdonald Partners LLC increased its holdings in shares of Analog Devices by 0.7% during the first quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock valued at $1,497,000 after purchasing an additional 54 shares in the last quarter. Keystone Financial Services increased its holdings in shares of Analog Devices by 1.8% during the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 55 shares in the last quarter. Ancora Advisors LLC increased its holdings in shares of Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 57 shares in the last quarter. Finally, Legacy Advisors LLC increased its holdings in shares of Analog Devices by 2.3% during the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after purchasing an additional 59 shares in the last quarter. 86.81% of the shares are currently owned by hedge funds and other institutional investors.

Analog devices company profile

(Get the free report)

Analog Devices, Inc designs, manufactures, tests and sells integrated circuits (ICs), software and subsystems in the United States, the rest of North and South America, Europe, Japan, China and the rest of Asia. The company provides data conversion products that translate real analog signals into digital data, and also translate digital data into analog signals; power management products and reference products for power conversion, controller monitoring, sequencing and energy management in the automotive, telecommunications, industrial and consumer markets; and power ICs, which include performance simulation, integration, and software design tools to achieve accurate power supply designs.

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