By otakuyassine3@gmail.com 
Analog Devices, Inc. (NASDAQ:ADI – Get Free Report)’s share price traded down 0.3% during mid-day trading on Monday . The stock traded as low as $213.66 and last traded at $215.90. 492,742 shares changed hands during trading, a decline of 85% from the average session volume of 3,213,543 shares. The stock had previously closed at $216.61.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. TD Cowen cut their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company began coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. Piper Sandler cut their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley dropped their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $249.33.
Check Out Our Latest Research Report on Analog Devices
Analog Devices Trading Down 0.1 %
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. The company has a market cap of $107.35 billion, a price-to-earnings ratio of 65.62, a P/E/G ratio of 2.47 and a beta of 1.05. The company’s fifty day moving average is $222.16 and its two-hundred day moving average is $225.46.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company posted $2.01 earnings per share. The firm’s revenue was down 10.1% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices, Inc. will post 7.15 EPS for the current year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, December 9th. Analog Devices’s dividend payout ratio is currently 111.85%.
Insider Buying and Selling
In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the completion of the transaction, the executive vice president now owns 109,093 shares of the company’s stock, valued at $24,447,741.30. This represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,744,590.89. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,000 shares of company stock valued at $24,754,600. Corporate insiders own 0.31% of the company’s stock.
Institutional Trading of Analog Devices
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC raised its position in Analog Devices by 7.6% in the second quarter. Apollon Wealth Management LLC now owns 11,648 shares of the semiconductor company’s stock valued at $2,659,000 after purchasing an additional 819 shares during the period. Pallas Capital Advisors LLC grew its position in Analog Devices by 12.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 1,975 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 216 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in Analog Devices by 3.9% during the second quarter. SeaCrest Wealth Management LLC now owns 1,651 shares of the semiconductor company’s stock worth $377,000 after purchasing an additional 62 shares during the period. Sanibel Captiva Trust Company Inc. lifted its position in shares of Analog Devices by 5.5% during the second quarter. Sanibel Captiva Trust Company Inc. now owns 2,240 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 117 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Analog Devices in the second quarter valued at approximately $37,000. 86.81% of the stock is 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.
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