Analog Devices (NASDAQ:ADI) SVP Martin Cotter sold 3,847 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $93.41, for a total transaction of $359,348.27. Following the sale, the senior vice president now owns 4,020 shares in the company, valued at $375,508.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Analog Devices stock traded up $2.01 during trading on Tuesday, hitting $95.15. The stock had a trading volume of 1,479,729 shares, compared to its average volume of 2,985,304. The company has a market cap of $34,310.38, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31. Analog Devices has a 1 year low of $74.65 and a 1 year high of $98.38.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue was up 54.4% on a year-over-year basis. analysts expect that Analog Devices will post 5.63 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB grew its position in Analog Devices by 6.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 83,469 shares of the semiconductor company’s stock valued at $7,431,000 after purchasing an additional 4,709 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Analog Devices by 12.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 211,455 shares of the semiconductor company’s stock valued at $18,826,000 after purchasing an additional 23,819 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Analog Devices during the fourth quarter valued at approximately $139,000. Sawtooth Solutions LLC purchased a new position in Analog Devices during the fourth quarter valued at approximately $237,000. Finally, William Blair Investment Management LLC purchased a new position in Analog Devices during the fourth quarter valued at approximately $44,803,000. 88.43% of the stock is currently owned by hedge funds and other institutional investors.
ADI has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Tuesday, February 20th. BidaskClub downgraded shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Piper Jaffray upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 target price on the stock in a report on Tuesday, February 13th. Raymond James Financial upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Monday, March 26th. Finally, Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Monday, March 5th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Analog Devices has an average rating of “Buy” and an average price target of $101.21.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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