Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) traded down 0.3% on Monday . The company traded as low as $213.66 and last traded at $215.90. 492,742 shares were traded during trading, a decline of 85% from the average session volume of 3,213,543 shares. The stock had previously closed at $216.61.
A number of analysts have recently commented on ADI shares. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Wednesday, November 27th. Wells Fargo & Company initiated coverage on Analog Devices in a report on Friday, November 22nd. They set an "equal weight" rating and a $220.00 price target for the company. Oppenheimer reiterated an "outperform" rating and issued a $245.00 price target on shares of Analog Devices in a research note on Thursday, August 22nd. Bank of America decreased their target price on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, August 22nd. Finally, Morgan Stanley cut their price target on shares of Analog Devices from $252.00 to $248.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $249.33.
View Our Latest Stock Analysis on ADI
The business's 50-day moving average price is $222.16 and its 200-day moving average price is $225.46. The stock has a market cap of $107.35 billion, a P/E ratio of 65.62, a P/E/G ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.
Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.01 earnings per share. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.15 earnings per share for the current fiscal year.
The firm also recently announced 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 dividend 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%.
In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now directly owns 109,093 shares of the company's stock, valued at $24,447,741.30. This trade represents a 21.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at approximately $4,921,334.21. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock worth $24,754,600 over the last quarter. Insiders own 0.31% of the company's stock.
Several large investors have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in Analog Devices in the 3rd quarter worth about $28,000. New Millennium Group LLC purchased a new stake in shares of Analog Devices in the second quarter valued at approximately $29,000. Archer Investment Corp grew its stake in Analog Devices by 101.4% in the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 73 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in Analog Devices during the 2nd quarter worth $37,000. Finally, Trifecta Capital Advisors LLC raised its position in Analog Devices by 544.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 187 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.
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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