Analog Devices (NASDAQ:ADI) SVP Katsufumi Nakamura Sells 500 Shares

Analog Devices, Inc. (NASDAQ:ADI) SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $289.17, for a total value of $144,585.00. Following the completion of the transaction, the senior vice president directly owned 13,210 shares in the company, valued at approximately $3,819,935.70. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Analog Devices Stock Performance

Analog Devices stock opened at $299.16 on Friday. The stock has a 50-day simple moving average of $261.31 and a 200 day simple moving average of $247.37. The stock has a market capitalization of $146.48 billion, a price-to-earnings ratio of 65.61, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $299.53.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue was up 25.9% on a year-over-year basis. On average, research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently modified their holdings of ADI. Vanguard Group Inc. grew its position in shares of Analog Devices by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company’s stock valued at $12,380,652,000 after purchasing an additional 162,075 shares during the period. State Street Corp raised its holdings in Analog Devices by 0.4% during the 3rd quarter. State Street Corp now owns 23,399,046 shares of the semiconductor company’s stock worth $5,749,146,000 after buying an additional 81,790 shares during the period. Geode Capital Management LLC lifted its stake in Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after buying an additional 633,425 shares in the last quarter. Norges Bank acquired a new position in shares of Analog Devices in the second quarter valued at approximately $1,803,377,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after acquiring an additional 375,207 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADI shares. Morgan Stanley boosted their target price on Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Piper Sandler set a $290.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. Stifel Nicolaus set a $280.00 price objective on shares of Analog Devices in a report on Friday, November 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $270.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Finally, Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.22.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.