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 company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $98.23, for a total transaction of $982,300.00. Following the completion of the sale, the chief executive officer now owns 31,206 shares of the company’s stock, valued at approximately $3,065,365.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, May 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $116.50, for a total transaction of $1,165,000.00.
  • On Thursday, March 28th, Vincent Roche sold 12,939 shares of Analog Devices stock. The stock was sold at an average price of $104.91, for a total transaction of $1,357,430.49.
  • On Thursday, March 14th, Vincent Roche sold 15,505 shares of Analog Devices stock. The stock was sold at an average price of $107.20, for a total transaction of $1,662,136.00.

Shares of NASDAQ:ADI opened at $110.87 on Thursday. The company has a 50 day moving average price of $104.02. The company has a market capitalization of $40.78 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 1.08. Analog Devices, Inc. has a 1 year low of $76.62 and a 1 year high of $118.54.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.06. Analog Devices had a net margin of 25.18% and a return on equity of 19.17%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.45 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Analog Devices, Inc. will post 5.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st were given a $0.54 dividend. The ex-dividend date was Thursday, May 30th. This represents a $2.16 dividend on an annualized basis and a yield of 1.95%. Analog Devices’s dividend payout ratio is currently 36.36%.

A number of institutional investors have recently modified their holdings of ADI. Stratos Wealth Partners LTD. lifted its holdings in shares of Analog Devices by 1.4% during the first quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock worth $683,000 after purchasing an additional 89 shares during the period. Parkside Financial Bank & Trust raised its stake in Analog Devices by 7.8% during the first quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the semiconductor company’s stock worth $132,000 after buying an additional 90 shares during the last quarter. Berman Capital Advisors LLC raised its stake in Analog Devices by 43.8% during the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. Kaizen Advisory LLC increased its stake in Analog Devices by 11.7% in the fourth quarter. Kaizen Advisory LLC now owns 1,023 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 107 shares in the last quarter. Finally, CWM LLC increased its stake in Analog Devices by 9.9% in the first quarter. CWM LLC now owns 1,224 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Zacks Investment Research downgraded shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Nomura initiated coverage on shares of Analog Devices in a research note on Monday, June 3rd. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on shares of Analog Devices from $100.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $109.00.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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