Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $88.50, for a total transaction of $619,500.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,754. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Analog Devices, Inc. (NASDAQ ADI) opened at $85.35 on Thursday. Analog Devices, Inc. has a one year low of $74.65 and a one year high of $98.38. The stock has a market capitalization of $32,996.55, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 last year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
ADI has been the subject of several recent research reports. SunTrust Banks reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Analog Devices in a research report on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Stifel Nicolaus increased their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $97.21.
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About Analog Devices
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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