Analog Devices, Inc. (NASDAQ:ADI) SVP Sells $815,963.57 in Stock

Analog Devices, Inc. (NASDAQ:ADI) SVP Steve Pietkiewicz sold 7,219 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $113.03, for a total value of $815,963.57. Following the completion of the transaction, the senior vice president now directly owns 29,870 shares in the company, valued at $3,376,206.10. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of NASDAQ:ADI traded down $0.23 during midday trading on Friday, hitting $115.78. The company had a trading volume of 1,558,605 shares, compared to its average volume of 2,171,609. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.52. The firm has a market cap of $42.81 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.78 and a beta of 1.43. Analog Devices, Inc. has a 12-month low of $76.62 and a 12-month high of $118.54. The business has a fifty day simple moving average of $109.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.30 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. Analog Devices’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 5.24 earnings per share for the current year.

Several large investors have recently bought and sold shares of ADI. Stratos Wealth Partners LTD. increased its stake in Analog Devices by 1.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock worth $683,000 after buying an additional 89 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Analog Devices by 7.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the semiconductor company’s stock worth $132,000 after buying an additional 90 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in shares of Analog Devices by 43.8% during the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 91 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Analog Devices by 4.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,215 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 91 shares during the last quarter. Finally, Kaizen Advisory LLC boosted its holdings in shares of Analog Devices by 11.7% during the 4th quarter. Kaizen Advisory LLC now owns 1,023 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Several equities analysts recently issued reports on ADI shares. Piper Jaffray Companies cut Acacia Communications from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $68.00 to $70.00 in a research report on Tuesday, July 9th. ValuEngine lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Nomura decreased their target price on shares of Micron Technology from $45.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Sanford C. Bernstein lowered shares of Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 target price for the company. in a research note on Monday, March 25th. Finally, BidaskClub lowered shares of Orthofix Medical from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Analog Devices has a consensus rating of “Buy” and an average 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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