Analog Devices, Inc. (NASDAQ:ADI) Executive Vice President Gregory M. Bryant sells 17,612 shares

Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) Executive Vice President Gregory M. Bryant sold 17,612 shares of the company’s stock on Thursday, June 13. The shares were sold at an average price of $233.94, for a total transaction amount of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analog equipment inventory performance

NASDAQ ADI shares opened at $231.19 on Friday. Analog Devices, Inc. it has a 12 month low of $154.99 and a 12 month high of $241.88. The company has a 50-day simple moving average of $212.62 and a 200-day simple moving average of $199.31. The company has a market capitalization of $114.72 billion, a PE ratio of 54.02, a price-to-earnings growth ratio of 3.95 and a beta of 1.12. The company has a debt to equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, $0.14 above analysts’ consensus estimates of $1.26. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $2.83 per share. Analog Devices revenues declined 33.8% compared to the same quarter last year. Stock analysts predict that Analog Devices, Inc. will report an average of 6.24 earnings per share this year.

Analog Devices announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Investors of record will receive a $0.92 dividend on Tuesday, June 4. The ex-dividend date of this dividend is Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a yield of 1.59%. Analog Devices’ payout ratio is 85.98%.

Institutional investors are considering analog devices

A number of institutional investors have recently bought and sold shares of the company. In the fourth quarter, Pinnacle Bancorp Inc. increased its position in the analog devices segment by 101.6%. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas grew its analog segment by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares in the last quarter. Cetera Trust Company NA acquired a new position in shares of Analog Devices during the 4th quarter worth $29,000. Private Wealth Management Group LLC acquired a new position in shares of Analog Devices during the 4th quarter worth $29,000. Finally, Riverview Trust Co acquired a new position in shares of Analog Devices during the first quarter worth $30,000. 86.81% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

ADI has been the subject of several recent analyst reports. Cantor Fitzgerald raised their target price on shares of Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. UBS Group increased their target price on shares of Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Barclays increased their target price on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Finally, Jefferies Financial Group began covering shares of Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the company. Seven analysts have rated the stock with a hold rating and eighteen analysts have rated the stock with a buy rating. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.23, according to MarketBeat.com.

See our latest research report on ADI

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.

Further reading

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