Analog Devices, Inc. (NASDAQ:ADI) Director Edward H. Frank Sells 14,880 Shares

Analog Devices, Inc. (NASDAQ:ADI) Director Edward H. Frank sold 14,880 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $110.51, for a total value of $1,644,388.80. Following the transaction, the director now directly owns 16,520 shares of the company’s stock, valued at approximately $1,825,625.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NASDAQ ADI traded up $2.28 on Friday, hitting $116.20. 2,139,349 shares of the company traded hands, compared to its average volume of 2,327,764. The firm has a market cap of $42.97 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The business has a 50 day simple moving average of $106.72. Analog Devices, Inc. has a 52-week low of $76.62 and a 52-week high of $118.54.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.06. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. Analog Devices’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. As a group, analysts anticipate that Analog Devices, Inc. will post 5.24 EPS for the current year.

Several institutional investors have recently made changes to their positions in ADI. PRW Wealth Management LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at about $27,000. Lenox Wealth Advisors LLC purchased a new position in shares of Analog Devices in the second quarter valued at about $28,000. Bruderman Asset Management LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at about $31,000. Berman Capital Advisors LLC lifted its position in shares of Analog Devices by 43.8% in the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 91 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

A number of research firms recently weighed in on ADI. Sanford C. Bernstein lowered Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 price objective for the company. in a research report on Monday, March 25th. Piper Jaffray Companies lowered Acacia Communications from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Tuesday. SunTrust Banks reduced their target price on Analog Devices to $122.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. BidaskClub lowered Orthofix Medical from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Analog Devices has a consensus rating of “Buy” and a consensus target price of $109.94.

About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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