Vincent Roche Sells 10,000 Shares of Analog Devices, Inc. (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,057,745.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, April 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $199.63 on Friday. The stock has a market cap of $99.00 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 4.86 and a beta of 1.14. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $204.20. The company’s fifty day moving average is $194.08 and its 200 day moving average is $187.97.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s quarterly revenue was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 earnings per share. Sell-side analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio is currently 65.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ADI shares. KeyCorp boosted their target price on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research report on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a report on Monday, March 4th. The Goldman Sachs Group lifted their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Truist Financial dropped their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Analog Devices in the fourth quarter worth approximately $1,225,227,000. Massachusetts Financial Services Co. MA grew its position in shares of Analog Devices by 22.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock worth $2,428,225,000 after buying an additional 2,497,696 shares during the period. Nordea Investment Management AB increased its stake in shares of Analog Devices by 639.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,718,502 shares of the semiconductor company’s stock valued at $303,591,000 after acquiring an additional 1,486,180 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Analog Devices by 20,527.8% during the 4th quarter. International Assets Investment Management LLC now owns 935,266 shares of the semiconductor company’s stock valued at $1,857,060,000 after acquiring an additional 930,732 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Analog Devices by 27.7% in the first quarter. Van ECK Associates Corp now owns 3,691,023 shares of the semiconductor company’s stock worth $730,047,000 after purchasing an additional 800,199 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

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.