Analog Devices (NASDAQ:ADI) SVP Katsufumi Nakamura Sells 500 Shares

by · The Markets Daily

Analog Devices, Inc. (NASDAQ:ADIGet Free Report) SVP Katsufumi Nakamura sold 500 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the completion of the sale, the senior vice president directly owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Katsufumi Nakamura also recently made the following trade(s):

  • On Wednesday, January 7th, Katsufumi Nakamura sold 500 shares of Analog Devices stock. The stock was sold at an average price of $289.17, for a total transaction of $144,585.00.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded up $2.35 during trading on Tuesday, reaching $296.21. 2,758,678 shares of the stock were exchanged, compared to its average volume of 3,692,996. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $303.20. The firm has a market cap of $145.04 billion, a PE ratio of 64.96, a PEG ratio of 1.66 and a beta of 1.03. The stock has a 50-day moving average price of $263.85 and a 200-day moving average price of $248.44. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. Research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Analyst Ratings Changes

Several equities analysts have weighed in on ADI shares. Truist Financial lifted their price objective on Analog Devices from $258.00 to $291.00 and gave the company a “hold” rating in a report on Friday, December 19th. Cfra reaffirmed a “buy” rating and issued a $280.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. Wells Fargo & Company upped their price objective on shares of Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. BNP Paribas assumed coverage on shares of Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $290.04.

Check Out Our Latest Report on Analog Devices

Hedge Funds Weigh In On Analog Devices

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Analog Devices in the first quarter worth $257,000. Wesbanco Bank Inc. increased its holdings in Analog Devices by 1.2% in the second quarter. Wesbanco Bank Inc. now owns 8,386 shares of the semiconductor company’s stock valued at $1,996,000 after purchasing an additional 100 shares during the period. Mirabaud & Cie SA bought a new position in Analog Devices during the 2nd quarter worth $236,000. Finally, Apella Capital LLC raised its position in Analog Devices by 75.9% during the 2nd quarter. Apella Capital LLC now owns 2,209 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 953 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

About Analog Devices

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Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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