Ray Stata Sells 3,125 Shares of Analog Devices, Inc. (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director now directly owns 180,071 shares in the company, valued at $35,265,104.64. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ray Stata also recently made the following trade(s):

• On Tuesday, April 15th, Ray Stata sold 3,125 shares of Analog Devices stock. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25.

Analog Devices Trading Up 2.3 %

Shares of NASDAQ ADI opened at $207.51 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The business has a 50-day moving average price of $196.04 and a two-hundred day moving average price of $210.70. The firm has a market capitalization of $102.92 billion, a PE ratio of 66.09, a PEG ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $1.73 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its Board of Directors has initiated a share buyback program on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.99 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s dividend payout ratio (DPR) is currently 126.11%.

Hedge Funds Weigh In On Analog Devices

Several institutional investors have recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new position in shares of Analog Devices during the 4th quarter valued at about $27,000. Menard Financial Group LLC bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in shares of Analog Devices during the 1st quarter worth $27,000. Mainstream Capital Management LLC acquired a new position in Analog Devices in the 4th quarter valued at $30,000. Finally, Hopwood Financial Services Inc. bought a new position in Analog Devices in the 4th quarter worth $30,000. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADI. Barclays lowered their target price on Analog Devices from $240.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, February 20th. Maxim Group assumed coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a “buy” rating for the company. Finally, Truist Financial raised their price objective on shares of Analog Devices from $230.00 to $248.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $250.43.

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.