Analog Devices, Inc. (NASDAQ:ADI) SVP Margaret K. Seif sold 2,700 shares of Analog Devices stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total transaction of $243,000.00. Following the transaction, the senior vice president now directly owns 24,517 shares of the company’s stock, valued at $2,206,530. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of ADI opened at $87.59 on Friday. Analog Devices, Inc. has a 52-week low of $76.62 and a 52-week high of $103.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.16 and a current ratio of 1.58. The firm has a market cap of $33.42 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 22nd. The semiconductor company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. Analog Devices had a net margin of 22.94% and a return on equity of 20.89%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts forecast that Analog Devices, Inc. will post 5.93 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 21st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

ADI has been the topic of a number of research analyst reports. SunTrust Banks reissued a “buy” rating and issued a $118.00 price target on shares of Analog Devices in a research note on Thursday, August 30th. Nomura initiated coverage on shares of Analog Devices in a research note on Wednesday, July 18th. They issued a “neutral” rating and a $100.00 price target on the stock. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Raymond James lifted their price target on shares of Analog Devices from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.70.

Several hedge funds have recently made changes to their positions in the company. Naples Global Advisors LLC boosted its position in shares of Analog Devices by 1.6% during the 2nd quarter. Naples Global Advisors LLC now owns 33,888 shares of the semiconductor company’s stock valued at $3,251,000 after acquiring an additional 548 shares during the last quarter. BerganKDV Wealth Management LLC boosted its position in shares of Analog Devices by 6.0% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 10,467 shares of the semiconductor company’s stock valued at $1,004,000 after acquiring an additional 597 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Analog Devices by 4.1% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,542 shares of the semiconductor company’s stock valued at $1,491,000 after acquiring an additional 607 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Analog Devices by 1.1% in the 3rd quarter. CIBC Asset Management Inc now owns 54,482 shares of the semiconductor company’s stock valued at $5,037,000 after buying an additional 610 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in Analog Devices by 1.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 59,339 shares of the semiconductor company’s stock valued at $5,692,000 after buying an additional 615 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

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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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