Analog Devices, Inc. (NASDAQ:ADI)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $110.65 and last traded at $109.96, with a volume of 80102 shares. The stock had previously closed at $108.25.

A number of brokerages recently commented on ADI. BMO Capital Markets boosted their price objective on shares of Analog Devices to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Oppenheimer boosted their price objective on shares of Analog Devices to $117.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. SunTrust Banks boosted their price objective on shares of Analog Devices to $126.00 and gave the stock an “average” rating in a research note on Thursday, February 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $118.00 price objective on shares of Analog Devices in a research note on Wednesday, February 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $103.05.

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34. The firm has a market cap of $39.87 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, analysts predict that Analog Devices, Inc. will post 5.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, March 1st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.97%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, February 28th. Analog Devices’s dividend payout ratio is presently 36.36%.

In other Analog Devices news, CEO Vincent Roche sold 15,505 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $107.20, for a total value of $1,662,136.00. Following the sale, the chief executive officer now directly owns 17,376 shares of the company’s stock, valued at $1,862,707.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Gregory N. Henderson sold 5,003 shares of the company’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $84.03, for a total transaction of $420,402.09. Following the completion of the sale, the senior vice president now directly owns 5,389 shares in the company, valued at $452,837.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,079 shares of company stock worth $9,457,895. 0.50% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Kaizen Advisory LLC boosted its stake 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 worth $88,000 after acquiring an additional 107 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Analog Devices by 3.2% during the 4th quarter. Whittier Trust Co. now owns 4,486 shares of the semiconductor company’s stock worth $385,000 after acquiring an additional 139 shares in the last quarter. HL Financial Services LLC boosted its stake in shares of Analog Devices by 5.5% during the 4th quarter. HL Financial Services LLC now owns 2,914 shares of the semiconductor company’s stock worth $250,000 after acquiring an additional 153 shares in the last quarter. BDO Wealth Advisors LLC boosted its stake in shares of Analog Devices by 39.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 594 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 169 shares in the last quarter. Finally, National Asset Management Inc. boosted its stake in shares of Analog Devices by 6.3% during the 4th quarter. National Asset Management Inc. now owns 2,958 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 176 shares in the last quarter. 90.20% of the stock is currently owned by institutional investors.

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About Analog Devices (NASDAQ:ADI)

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.

Further Reading: Certificate of Deposit (CD)

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