Investors Sell Analog Devices, Inc. (ADI) on Strength (ADI)

Traders sold shares of Analog Devices, Inc. (NASDAQ:ADI) on strength during trading hours on Friday. $22.05 million flowed into the stock on the tick-up and $36.69 million flowed out of the stock on the tick-down, for a money net flow of $14.64 million out of the stock. Of all equities tracked, Analog Devices had the 23rd highest net out-flow for the day. Analog Devices traded up $0.50 for the day and closed at $89.15

Several equities analysts have recently issued reports on ADI shares. Jefferies Group LLC boosted their target price on Analog Devices to $110.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus reduced their price target on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday. B. Riley upped their price target on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $88.00 price target (down from $91.00) on shares of Analog Devices in a research note on Friday, September 1st. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and an average price target of $96.04.

The company has a market capitalization of $32,679.56, a P/E ratio of 18.94, a P/E/G ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.52.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 53.4% on a year-over-year basis. equities analysts forecast that Analog Devices, Inc. will post 5.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.02%. Analog Devices’s dividend payout ratio is currently 86.96%.

In other news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total transaction of $402,882.15. Following the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,210,077.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Champy sold 12,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the transaction, the director now directly owns 21,910 shares in the company, valued at $1,971,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,994 shares of company stock worth $11,370,618. Insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Analog Devices during the third quarter valued at $842,000. Moors & Cabot Inc. bought a new position in shares of Analog Devices during the third quarter valued at $255,000. Belpointe Asset Management LLC bought a new position in shares of Analog Devices during the third quarter valued at $501,000. Cetera Investment Advisers lifted its holdings in shares of Analog Devices by 59.3% during the third quarter. Cetera Investment Advisers now owns 11,650 shares of the semiconductor company’s stock valued at $1,009,000 after purchasing an additional 4,336 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new position in Analog Devices in the third quarter valued at about $884,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

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Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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